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Debt Rattle March 9 2025

Mar 092025
 
 March 9, 2025  Posted by at 11:06 am Finance Tagged with: , , , , , , , , , , , ,  34 Responses »


Raphael The transfiguration 1520

 

• A New American Empire: Trump, Russia, and The End of Globalism (Kashin)
• U.S. Admits Ukraine Proxy War Defeat (SCF)
• Acute Dementia: Europe Declares War On Russia All Over Again (Pepe Escobar)
• Keir Starmer Is Ditching Zelensky To Avoid Trump Tariffs (Proud)
• UK Will Return Russian Money It Is ‘So Generously Giving Away’ – Moscow (RT)
• “NO DISSENT”: Trump Asks “All Republicans” To “Give Us A Few Months” (ZH)
• Federal Judge Denies Request to Block DOGE From Accessing Treasury Data (ET)
• Early ICE Arrests Are Below 5% Of Trump’s Target: Here’s Why (JTN)
• Something Huge for the MAHA Movement Is About To Happen (Margolis)
• The Media Can’t Hide This Trump Victory Forever (Margolis)
• US Pushing To Soften Anti-Russia Language In G7 Document (RT)
• Ukraine Loses Access To US Commercial Satellites (RT)
• Polish PM Plans To Double Size Of Army (RT)
• Ukraine’s Losses Mounting Due To US Intel Freeze (RT)
• Trump CDC to Probe Long-Rumored Vaccine-Autism Link (PJM)
• Bezos Ousts Bond Producers Over ‘Idiots’ Remark (RT)

 

 

 

 

Candy

Article 2
https://twitter.com/i/status/1898352472546070902

Sacks


https://twitter.com/i/status/1898216959038439807

Cards
https://twitter.com/i/status/1897995649330598293

Promises
https://twitter.com/i/status/1898058853033365678

 

 

 

 

Daylight time in the US, not for another 3 weeks here in Europe. Always throws me off.

 

 

“Since the late 1990s, the costs of maintaining global hegemony have exceeded the benefits..”

• A New American Empire: Trump, Russia, and The End of Globalism (Kashin)

Donald Trump’s return to the White House is shaping up to be nothing short of a political revolution. The new administration is rapidly dismantling the old order, purging the ruling elite, reshaping both domestic and foreign policy, and cementing changes that will be difficult to reverse – even if his opponents regain power in future elections. For Trump, as for all revolutionaries, the priority is to break the existing system and consolidate radical transformations. Many of the principles that guided US policy for decades – sometimes for over a century – are being deliberately discarded. Washington’s global strategy, long built on expansive military, diplomatic, and financial influence, is being rewritten to serve Trump’s domestic political needs.

The end of the American liberal empire For the past 100 years, the US has functioned as a global empire. Unlike traditional empires built on territorial expansion, the American empire extended its reach through financial dominance, military alliances, and ideological influence. This model, however, has become increasingly unsustainable. Since the late 1990s, the costs of maintaining global hegemony have exceeded the benefits, fueling discontent both at home and abroad. Trump and his allies seek to end this ‘liberal empire’ and return America to a more self-reliant, mercantilist model – one reminiscent of the late 19th and early 20th centuries under President William McKinley. Trump has openly praised this era, viewing it as the golden age of US prosperity, before the country took on the burdens of global leadership.

Under this vision, America will reduce unproductive foreign expenditures and refocus on its natural advantages: Vast resources, an advanced industrial base, and the world’s most valuable consumer market. Rather than policing the world, Washington will wield its economic power more aggressively to secure trade advantages. However, the transition to this model carries significant risks, particularly in a highly globalized economy.

A shift in global strategy Trump’s policies are driven by domestic concerns but will have major implications abroad. His administration is systematically dismantling key institutions of the old order, including those that irritated Moscow. For instance, USAID – a major vehicle for American influence in the post-Soviet space – has been gutted. Ironically, Trump had more motivation to destroy USAID than even Russian President Vladimir Putin, given that its resources had been repurposed for domestic political use by Trump’s rivals. If the US abandons its liberal empire model, many sources of tension with Russia will disappear. Historically, Moscow and Washington had relatively stable relations throughout the 19th century.

If Trump’s America reverts to a more isolationist approach, Russia will no longer be a primary target of US interference. The main friction point will likely be the Arctic, where both nations have strategic interests. China, however, remains Trump’s top adversary. Beijing’s state-led economic expansion is fundamentally at odds with Trump’s mercantilist vision. Unlike Biden, who sought to counter China through alliances, Trump is willing to go it alone – potentially weakening Western unity in the process. His administration is expected to escalate economic and technological warfare against Beijing, even if it means alienating European allies.

Europe’s strategic uncertainty One of Trump’s most disruptive moves has been his open hostility toward the EU. His vice president, J.D. Vance, recently delivered a speech in Munich that amounted to direct interference in European politics, signaling support for right-wing nationalist movements that challenge the EU’s authority. This shift is forcing Europe into an uncomfortable position. For years, China has viewed Western Europe as an ‘alternative West’ with which it could engage economically without the same level of confrontation it faces with the US. Trump’s approach could accelerate EU-Chinese ties, especially if Western European leaders feel abandoned by Washington.

There are already signs that European policymakers may loosen restrictions on Chinese investments, particularly in critical industries such as semiconductors. At the same time, the ambitions of some Europeans for NATO expansion into the Indo-Pacific may falter, as the bloc struggles to define its new role in a post-globalist US strategy. For years, Washington fantasized about splitting Russia and China apart. But Trump’s new approach is unlikely to achieve this goal. The Russia-China partnership is built on strong fundamentals: A massive shared border, complementary economies, and a shared interest in countering Western dominance.

If anything, the shifting geopolitical landscape could push Russia into a position similar to that of China in the early 2000s – focusing on economic development while maintaining strategic flexibility. Moscow may reduce its efforts to actively undermine the US and instead concentrate on strengthening its economic and security ties with Beijing. China, meanwhile, will bear the brunt of Trump’s new American empire. The US will no longer rely on alliances to contain Beijing but will use direct economic and military pressure. While this may make life more difficult for China, it does not necessarily mean the US will succeed. China has been preparing for economic decoupling for years, and Beijing may find opportunities in a more divided Western world.

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“European leaders are desperate. The about-turn in U.S. policy to walk away from the failed proxy war in Ukraine has left them holding a dead-end hand of cards..”

• U.S. Admits Ukraine Proxy War Defeat (SCF)

In an interview on Fox News this week, America’s top diplomat Marco Rubio made a damning admission. He called the conflict in Ukraine a proxy war between the United States, its NATO allies and Russia. Stop the press. In one fell swoop, the narrative justifying the NATO-backed war for the past three years was exposed as a naked lie. It is not about “defending Ukraine” from alleged Russian unprovoked aggression. It is a proxy war. That means it has deeper causes and responsibilities. This is what Moscow and many other international observers have been saying all along. To recognize the conflict as a proxy war is to begin admitting wider culpability for it and to start addressing the root causes for a genuine peaceful settlement.

Secretary of State Rubio went on to emphatically call for an end to the war to spare lives. He claimed the conflict was in a stalemate, not quite bringing himself to utter the word, “defeat”. But defeat is what this debacle is. Rubio decried how the previous Biden administration and Congress (including himself as a Senator) had fueled the conflict along with other NATO members in a futile campaign. It is now time to bring the conflict to an end, he said. Appropriately, the U.S. foreign minister appeared on television with a prominent Lenten cross of ash marked on his forehead. Christians around the world begin preparations for Easter by donning ashes as a sign of repentance. Rubio’s “confession” of a failed U.S. policy of proxy war against Russia in Ukraine may be seen as a belated recognition in Washington that it needs to cease, desist and make amends for peace.

Not so the European leaders, however, who this week persisted in their lies about a noble purpose in Ukraine. Following the humiliating rebuke of Ukrainian leader Vladimir Zelensky by U.S. President Donald Trump in the Oval Office last week, the European politicians have been rallying their support for the Kiev regime. Trump aides ejected Zelensky from the White House last Friday because he testily refused to comply with a U.S. initiative for peace in Ukraine. This week, the chastened Zelensky wrote a letter to Trump appealing for forgiveness – and more U.S. military aid. It’s not clear if the Ukrainian redundant president has convinced the Trump administration that he is ready to sign a peace deal. In the meantime, the White House has now cut off military aid and intelligence sharing with the Kiev regime. Again, proving the reality of a proxy war.

That move has thrown the European allies into a quandary and existential crisis. It is a crisis of their own making. An emergency EU leaders’ summit was convened to drum up more military support for Ukraine. The EU 27 could not agree on a package because Hungary vetoed it. Another summit is to be called on March 20, when it is intended to bypass Hungarian objection to funding the war in Ukraine. European leaders are desperate. The about-turn in U.S. policy to walk away from the failed proxy war in Ukraine has left them holding a dead-end hand of cards. Rather than folding, they are doubling down on their worthless chips. Trump upbraided Zelensky in the Oval Office by telling him, “You don’t have the cards” to keep this war going. The same advice can be leveled at the European governments, including the British, who strangely have wormed their way back into calling shots in Europe despite exiting the bloc five years ago.

This war has been lost with appalling losses. Three years of the biggest war in Europe since World War Two has resulted in over one million deaths – mainly on the Ukrainian military side – and hundreds of billions of dollars and euros wasted, which the American and European public will pay over generations through debts. This war is an abominable crime perpetrated by Washington and its European allies. All the more so because it could have been avoided if Russian diplomatic efforts in late 2021 had been reciprocated to deal with Moscow’s legitimate security concerns over NATO’s expansion. But no, the Western imperialists wanted to strategically defeat Russia and they used a NeoNazi regime in Ukraine as their pawn following the CIA-backed coup in Kiev in 2014 against an elected president.

Western leaders must be held to account for their nefarious machinations and the colossal damage in Ukraine and Russia. Russian civilians have been killed by NATO weapons and over $300 billion in Russian assets have been confiscated. Russia has the right to seek massive war reparations. At least, to their credit, the Trump administration has realized that the evil of this fraudulent war must stop.

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“..the overwhelming majority of France would gladly agree that mini-Napoleon should be dispatched to the battlefields in the black soil of Novorossiya right away…”

• Acute Dementia: Europe Declares War On Russia All Over Again (Pepe Escobar)

Let’s start with U.S. Secretary of State Marco Rubio’s Road to Damascus moment: “Frankly, it’s a proxy war between nuclear powers, the United States helping Ukraine and Russia, and it needs to come to an end”. Now that’s a howler. Jeffrey Sachs to the rescue. Of course, the correct formulation would be “proxy war launched by the United States”. But still: Hallelujah! Such illumination – by proxy – from Heavens Above could never had hit the previous American Secretary of Genocide. Now cut to panic. Total European panic. Le Petit Roi, as popular in France as nighttime mosquitoes in a five-star beach resort, has declared that peace in Europe is only possible with a “tamed” Russia – and that Russia is a direct threat to France and Europe. On Ukraine, he pontificated that peace simply cannot take place under Russian terms or via the – inevitable – Ukrainian surrender.

Le breathless Petit Roi literally went nuclear. He stressed that France possesses a nuclear deterrent – and offered it to the rest of Europe, while insisting that Europe’s future should not be dictated by Moscow or Washington. Le Petit Roi napoleonically all but declared war on Russia. Well, the fact remains that the overwhelming majority of France would gladly agree that mini-Napoleon should be dispatched to the battlefields in the black soil of Novorossiya right away – where he would surrender in less than 5 minutes, waving a rainbow flag, as he realizes he’s about to be turned into an instant steak tartare. Now couple this Moliere farce with the fate of the much larger, fatter, pan-European New Model Woke Army regimented by the Fuhrerin SS von der Lugen out of Brussels, allegedly to be financed to the tune of 800 billion euros – money that no one has, and would have to be loaned then repaid with sky-high extorsion interest rates to the usual international financial system vultures.

SS von der Lugen insists Europe is in danger, so the solution is a massive expansion of the military-industrial complex – in practice, buying more overpriced American weapons – and “rearmament”. Talk about Gotterdammerung on crack. Were the New Model Woke Army ever come to light, surrender would also be a matter of less than 5 minutes – brandishing rainbow flags – as its woke warriors would face the dire prospect of being Oreshniked to a pile of charcoal grilled burgers. Add to it the Return of the Nord Stream Saga – with a new plot twist. Sy Hersh conclusively proved that the Nord Streams were bombed under orders of the previous Crash Test Dummy regime in Washington. Now Nord Stream 2, at least, could be back in business via a not-so-secret U.S.-Russia deal involving Gazprom and American oligarchs.

All that while fanatics in Berlin assure right and left they want to explore every possible way to prevent (italics mine) the Nord Stream system from being repaired – because after all no one, especially the new BlackRock chancellor, can deviate from the official policy of destroying the German economy by all means necessary. Compounding the Kafkaesque scenario, the Prime Minister of Denmark – which is on the brink of losing Greenland “one way or another” to Trump 2.0 – immortalized the words, “peace in Ukraine will be more dangerous than war.” The Polish Prime Minister did not miss a beat, adding that “Europe is stronger than Russia and capable of winning in any military, financial, or economic confrontation.” Europe is in such a “winning” streak now – as the record shows.

All this discombobulated Tower of Babel proves, without a shadow of a doubt, that Europe is geopolitically – and geoeconomically – dead and buried. No Teutonic Gods – complete with fat lady singin’ – will be able to resurrect it. The notion that Europe is able to pose a military threat to Russia does not even qualify as trashy propaganda for sub-zero IQs. It would take at least a decade to re-militarize Germany as its economy is moribund, serially stabbed by unmanageable energy costs. Russia for its part is protected from a possible nuclear attack by Le Petit Roi’s puny “umbrella” arsenal by the most sophisticated missile defenses in the world. The Aegis defensive missiles in Poland are relatively worthless – even if their prime danger to Russia remains that the system can be converted to handle offensive missiles. As a whole, the Aegis, Patriot, THAAD-PAC-3, SBIR-HIGH Ground Based Infrared Systems are all relatively useless.

Other than the U.S., NATO simply has no military worth. And Washington under Trump 2.0 simply will not be involved in the next European War. The U.S. has satellite systems for targeting but no one else in NATO has them. With the U.S. pulling out, and in the event of a hypothetical von der Lugen-led New Woke Army attack against Russia, Russian missiles can knock out all European ports, airports and manufacturing and energy systems in a day max – instantly returning Europe to the stone age. This applies to England, France, Germany, not to mention assorted chihuahuas: all of NATO. Russia can knock out all British power systems with Zircons launched from a conventional submarine. Stone Age, here we come. Russian hypersonic missiles cannot be intercepted.

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“..His Majesty King Charles II and President Trump are peers as Heads of State, and Prime Minister Starmer is a more junior Head of Government..”

• Keir Starmer Is Ditching Zelensky To Avoid Trump Tariffs (Proud)

Prime Minister Keir Starmer’s visit to Washington majored on an historic invitation for President Trump to make a second state visit to Britain. Despite considerable pre-visit hype among the UK mainstream media, Ukraine was barely mentioned. The cold truth is, Starmer is ditching Zelensky to avoid tariffs. The subtle art of diplomacy is often hard to fathom for the outsider. When Keir Starmer called on Donald Trump in the Oval Office on 27 February, there was an air of conviviality that belied what some considered to have been, hitherto, a difficult relationship. The set piece moment was the Prime Minster handing the President a letter from His Majesty, King Charles II. While it has attracted little comment, The King’s letter to President Trump was a diplomatic masterstroke. A section of the first page was captured by a photographer.

These were words crafted by His Majesty himself, with his distinct syntax, rather than written by an anonymous committee of officials in 10 Down Street. The preambular second paragraph appears to contain mere niceties about a possible Trump visit to Scotland, but it was so much more. Donald Trump’s mother was born in Scotland, and the President famously owns golf courses there. The King extends a deeply personal invitation for the President to stay at Balmoral, the favoured Residence in Scotland of Her Late Majesty Queen Elizabeth II, and the place she passed. There is also an offer to visit and stay at Dumfries House, which was His Majesty’s seat in Scotland before ascending to the throne, when his Royal title in Scotland was the Duke of Rothesay. He mentions that underprivileged young people are trained at the House and many end up working at the President’s golfing establishments.

Scotland holds a special place in the hearts of both Heads of State. And Diplomacy, ultimately, is about human connection. This was King Charles addressing President Trump as an equal, a peer and a cherished friend. And then the coup de grace, an invitation to an historic second State visit, historic because no US President has been afforded two State visits. President Trump appears to value the form of diplomacy at least as much as its substance. The style and class of King Charles’ letter sits in stark contrast, to the truculent, unshaven President Zelensky arguing in the Oval Office on 28 February. And the theatre behind Keir Starmer’s handing the letter to President Trump was designed to reinforce two perceptions. The first was that The King continues to regard the United States as a dear and trusted friend. The second, and perhaps more significantly, that Prime Minister Starmer was the messenger, not the peer.

Some British journalists jokingly referred to Prime Minister Keir Starmer’s meeting in the Oval Office on Thursday 27 February as a visit to the King. Clearly, President Trump isn’t a monarch, nor is he Elvis Presley. But in the game of diplomacy between the United States and the United Kingdom, His Majesty King Charles II and President Trump are peers as Heads of State, and Prime Minister Starmer is a more junior Head of Government. While the first sentence of the letter is not fully visible, His Majesty is clearly thanking President Trump for receiving the British Prime Minister – i.e. His Head of Government – so soon after the inauguration. I don’t believe the optics of this would have been lost on the President. The Labour Prime Minister’s has had a bad start with Donald Trump. The King’s letter brings the adults back into the conversation in a way that can only help the UK repair some of the damage caused.

In inviting President Trump to Britain, with all the pomp and ceremony that Britain offers like no other country, the UK government wants to reprioritise its trade and investment relationship with the United States. As Europe and America teeter on the brink of a trade war, Britain wants a genuinely open trading relationship with America that both prevents the risk of US tariffs but also gives the UK economy a much-needed boost post-Brexit. America is Britain’s largest export partner accounting for 15.7% of business and trade in goods is fairly balanced, with a tiny surplus of £2.5bn going Britain’s way in 2023. This may help to explain why Britain appears less in the firing line for US tariffs than the European Union, which President Trump said was designed to ‘screw the US’ flooding America with a surplus of $300bn in goods trade.

After President Obama famously said that Britain would have to join the back of the queue in any post-Brexit trade talks with America, UK-US trade talks were not prioritised under the Biden administration. This has now become a top priority for the UK in its relationship with the Trump administration. And Starmer has recognised that he can’t have it all – he can’t criticise Trump on Ukraine, backing Zelensky and steering Europe on a pro-war course, while at the same time landing a lucrative trade deal and avoiding Trump tariffs. He has therefore decided quietly to ditch Zelensky and to line up behind Trump’s plans for a peace deal.

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“Volodin said Britain “will have to give back to Russia what they are now so generously giving away,” adding that Moscow has “every reason to respond in kind.”

• UK Will Return Russian Money It Is ‘So Generously Giving Away’ – Moscow (RT)

The UK’s transfer of the proceeds from Russia’s frozen central bank funds to Ukraine is a blatant violation of international law, Russian State Duma Speaker Vyacheslav Volodin has said. On Friday, Ukrainian Prime Minister Denis Shmigal said that Kiev had received a first tranche worth about $1 billion from the UK, secured by the proceeds from the Russian assets. He said the funds would go toward “strengthening” Ukraine’s defense and voiced hope that all frozen Russian assets would be “confiscated and transferred” to Kiev. Speaking to reporters later in the day, Volodin said Britain “will have to give back to Russia what they are now so generously giving away,” adding that Moscow has “every reason to respond in kind.”

Volodin also warned that London’s actions would “undermine confidence” in its financial system, as they “violate the principle of property inviolability, a cornerstone of the global financial system.” Western countries froze around $300 billion in Russian central bank assets after the escalation of the Ukraine conflict in 2022. Of this total, more than $200 billion is reportedly held at the Brussels-based clearinghouse Euroclear, while up to $30 billion is in the UK. The assets have already generated billions in interest. Euroclear transferred over $1 billion directly to Ukraine last July. Kiev has been pressing its Western backers to expropriate the assets to finance its military and reconstruction efforts.

The West remains divided over the fate of the frozen assets. Many EU countries are reluctant to tap the reserves themselves, opting instead for the interest earned on them. Some have raised concerns that seizing the assets could damage the Western financial system and erode trust in the euro. The International Monetary Fund has also warned that taking the funds without a clear legal basis could undermine global confidence in Western financial institutions. The Kremlin has repeatedly denounced the asset freeze as “theft” and warned of legal action against those involved in the asset seizure.

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“..a March 14 deadline approaches for the latest government shutdown threat..”

• “NO DISSENT”: Trump Asks “All Republicans” To “Give Us A Few Months” (ZH)

President Trump on Saturday implored ‘All Republicans’ to vote on a 99-page spending bill that would keep the government funded through September, as a March 14 deadline approaches for the latest government shutdown threat. The bill largely maintains current spending levels, while an additional $8 billion would be included for defense programs, and $6 billion for veterans’ healthcare. Non-defense spending would drop by approximately $13 billion. Johnson is setting up the bill for a vote on Tuesday, despite a lack of buy-in from Democrats – essentially daring them to vote against it and risk a shutdown. He’s also betting that Republicans will be able to quash inner divisions over spending and force it through.

As Bloomberg notes, unlike previous shutdowns, this one would impact all discretionary spending since none of the 12 appropriations bills have been signed into law. While key entitlement programs like Social Security, Medicare, and Medicaid would continue making payments, administrative delays could affect new enrollments. With a razor-thin Republican majority in the House and the need for bipartisan cooperation in the Senate, negotiations remain fraught, as both parties clash over budgetary provisions that could make or break a last-minute deal. The economic consequences of a prolonged shutdown, according to Bloomberg Intelligence, would be immediate yet largely reversible. A month-long halt in government operations could shave 0.4 percentage points off GDP growth in the first quarter, though a rebound is expected once normal spending resumes. While federal workers may face furloughs, unemployment figures would not be affected in March but could rise by 0.5 percentage points in April if the impasse drags on. Inflation would see a temporary uptick because furloughed federal workers’ output wouldn’t be counted, even though they will eventually be paid.

More:
• Economic Data Collection: The shutdown will delay crucial economic reports like the consumer price index (CPI), unemployment rate, and retail sales data.
• Federal Agencies: Around 850,000 workers could be furloughed.
• Impact on the Fed: The Federal Reserve, which operates independently, will continue normal operations, including the scheduled March 18-19 FOMC meeting.

As Bloomberg concludes: In normal times, avoiding a shutdown would be a big priority – but now, amid the flurry of dramatic steps early in Trump’s term, it’s just one of many competing priorities. It’s not clear if the two sides can find common ground. Only twice before has the government been shuttered when one party controlled the White House, House of Representatives and Senate – and both were during the first Trump administration. Whether a third such episode can be avoided will depend on how the two sides assess the tactical risks of bringing the normal operations of government to a halt.

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The first judge DID block DOGE, “citing concerns over insufficient vetting and training” and saying “..the potential consequences of a cybersecurity breach could be catastrophic.”

Really, the Treasury is better at training and security than Musk and Big Balls? Is that judge just ignorant or is something else amiss?

• Federal Judge Denies Request to Block DOGE From Accessing Treasury Data (ET)

A federal judge in Washington has refused to block staff from the Department of Government Efficiency (DOGE) from accessing the Treasury Department’s systems that contain millions of Americans’ personal data. U.S. District Judge Colleen Kollar-Kotelly—who previously restricted DOGE’s work at the Treasury to two employees with read-only access—issued a decision on March 7 that rejects a request from the Alliance for Retired Americans and several employee unions to bar DOGE staff from the Treasury’s Fiscal Service system, which processes roughly 90 percent of federal payments. In her ruling, Kollar-Kotelly determined that the plaintiffs had failed to establish that allowing DOGE employees access to the system would result in irreparable harm.

“If Plaintiffs could show that Defendants imminently planned to make their private information public or to share that information with individuals outside the federal government with no obligation to maintain its confidentiality, the Court would not hesitate to find a likelihood of irreparable harm,” the judge wrote. She found no indication of any plans to misuse or improperly disclose sensitive data, and noted that the plaintiffs are free to return to court to seek emergency remedy if these circumstances change. The decision also lifts Kollar-Kotelly’s earlier access restrictions, which had permitted two DOGE-affiliated individuals to view the Fiscal Service system on a read-only basis. DOGE staff remain barred from the Fiscal Service under a separate order issued by U.S. District Judge Jeannette Vargas in New York.

Vargas, responding to a lawsuit from 19 Democratic attorneys general, partially granted their request to block DOGE personnel from the Treasury’s payment system, citing concerns over insufficient vetting and training. “Indeed, taking the time to adequately mitigate potential security concerns and properly onboard members to engage in this work outweighs the defendants’ immediate need to access and redevelop [the] Treasury system,” Vargas stated in her 64-page order. “Without addressing these issues, the potential consequences of a cybersecurity breach could be catastrophic.”

Vargas left open the possibility of lifting or modifying her order if the administration certifies that DOGE staff have undergone proper training and obtained necessary security clearances. She also denied the plaintiffs’ request to impose broader restrictions preventing DOGE from creating processes to stop payments within the Treasury’s systems. Vargas argued that such measures would “far exceed” the scope of the earlier temporary restraining order and that the plaintiffs had not justified the need for such extensive relief against DOGE.

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Homan will get there.

• Early ICE Arrests Are Below 5% Of Trump’s Target: Here’s Why (JTN)

President Donald Trump put the figure of illegal aliens in the U.S. under President Joe Biden at 21 million during his Tuesday address to Congress, but the latest arrest figures show his administration on pace to apprehend less than 5% of that amount by the end of his term. “Over the past four years, 21 million people poured into the United States,” Trump said. “Many of them were murders, human traffickers, gang members and other criminals from the streets of dangerous cities all throughout the world because of Joe Biden’s insane and very dangerous open border policies, they are now strongly embedded in our country.” The latest Immigration and Customs Enforcement (ICE) figures pointed to 20,000 arrests in Trump’s first month. Calculated as 20,000 in 30 days, the daily rate came to 667 arrests, which projected over four years would lead to slightly fewer than one million arrests by the end of Trump’s term, or 4.8% of the 21 million.

Put simply, ICE arrests are significantly behind schedule and would need to total roughly 440,000 per month to see Trump’s target met. Border Czar Tom Homan has expressed optimism that federal law enforcement can meet that target. So, why then the sluggish pace? The short answer is money. After a string of continuing resolutions from Congress to avoid government shutdowns, ICE and other immigration-related agencies are operating at Biden-era funding levels. That administration prioritized processing illegal entrants to the United States rather than removing them and former Homeland Security Secretary Alejandro Mayorkas did not make arrests at a comparable rate to current figures.

Border funding is on the table, of course, but pending the resolution of House and Senate budget battles, there exists little in the way of resources to expand operations. Capacity issues prompted efforts to expand detention at Guantanamo Bay, though an early effort to use tents to expand the facility was abandoned over standards concerns. On Wednesday, reports emerged that the administration had halted deportation flights using military aircraft due to cost concerns. At present, the House and Senate remain divided on a one-step vs. two-step funding plan, with Trump himself favoring the former. The upper chamber has sought to advance border funding in the first phase while addressing Trump’s tax promises in a second. But no surge in additional funding to address the border crisis is expected until the resolution of that standoff.

Homan initially outlined plans to prioritize illegal alien violent criminals, namely those tied to gangs such as Tren de Aragua, repeat deportees, and those convicted of crimes. Recent ICE social media posts have pointed to MS-13 gang member arrests and efforts to handle trafficking operations. On February 20, the U.S. Department of State announced that Executive Order 14157 designates drug cartels and international gangs as “as Foreign Terrorist Organizations (FTOs) and Specially Designated Global Terrorists (SDGTs).” “We are prioritizing public safety threats, child predators, rapists, murderers. These are the worst of the worst walking around your communities,” Homan told Fox News’s Sean Hannity in late February. “And you would think any elected mayor, any elected governor, any elected city councilwoman would want public safety threats removed from their communities.”

ICE stopped posting regular updates on daily arrests weeks ago, leading to speculation that arrests had ground to a halt. The recently unveiled 20,000 figure appeared to confirm that the pace was not on target. Arrests and deportation figures are not the same. Potentially simplifying things for ICE, however, is the precipitous decline in new entrants to the U.S., with U.S. Customs and Border Protection reporting only 61,465 encounters at the southwest land border in January. The agency has yet to report on February’s numbers, which are expected to be much lower, but the January figures still represent a significant decline from the December 2023 high of 301,981.

ICE enforcement statistics are not currently up to date and are published on a quarterly basis. An ICE spokesperson told Just the News that “since Jan. 20, ICE has significantly increased its immigration enforcement activities with additional support from other federal law enforcement and DOD partners. In an effort to keep the American people informed about the results of our efforts with only the most accurate information, ICE is compiling and validating the data and is working toward publishing our enforcement statistics on a monthly basis.”

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“It’s about time someone in Washington had the courage to stand up to these corporate giants. Monday can’t come soon enough.”

• Something Huge for the MAHA Movement Is About To Happen (Margolis)

The foxes are about to meet the new guardian of the henhouse, and it promises to be quite the showdown! Health and Human Services Secretary Robert F. Kennedy Jr., is scheduled to meet with executives from General Mills, PepsiCo, and other food industry giants on Monday, according to a report from Politico. And boy, do they have some explaining to do. Kennedy, who’s been waging war against what he calls the “chemical-intensive processed foods” poisoning Americans, isn’t exactly known for pulling punches. During his Senate confirmation hearing in January, he boldly declared what many of us have known for years: “Something is poisoning the American people.” Now he’s taking his fight directly to the corporate boardrooms of Big Food.

The timing couldn’t be more perfect—or more terrifying—for these corporate executives. With the Health and Agriculture Departments set to craft new Dietary Guidelines for Americans this year, the stakes couldn’t be higher. These guidelines shape everything from what our kids eat at school to what your doctor tells you about nutrition. What’s particularly interesting about this whole situation is that the Consumer Brands Association—the very group representing these food giants—initiated the meeting proposal back in February. This could be a sign they’re willing to do what it takes to make foods healthy again, or they’re going to play offense against the changes Kennedy wants to make. So what’s going to happen with to their precious seed oils and chemical additives? Will Big Food capitulate to the Make America Healthy Again (MAHA) movement?

The meeting agenda remains “undecided” as of Friday, which has apparently caused quite the stir among CBA board members. It could mean they are trying to figure out how to defend their ultra-processed food empire against someone who’s made it his mission to expose their role in America’s chronic illness epidemic. But some industry insiders are whispering that these CEOs might actually cave to Kennedy’s demands. The real question is whether these corporate bigwigs will finally acknowledge their role in America’s health crisis, or continue hiding behind their slick marketing campaigns and army of lobbyists. Kennedy’s appointment signals that the days of business as usual might be coming to an end for Big Food.

Several fast food chains have recently announced they are switching to beef tallow for frying. One such chain is Steak ‘n Shake, which announced its support of RFK Jr. and the MAHA movement on Friday. One thing’s certain: Monday’s meeting won’t be your typical corporate kumbaya session. With Kennedy’s track record of calling out food conglomerates for their role in increasing childhood chronic illnesses, these executives better bring more than their usual PR talking points to the table. The American people are watching, and they’re tired of being force-fed chemicals disguised as food. It’s about time someone in Washington had the courage to stand up to these corporate giants. Monday can’t come soon enough.

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“..completed the hazardous materials cleanup in Los Angeles in just 29 days—far ahead of initial projections. “The estimates were it was going to take 18 months..”

• The Media Can’t Hide This Trump Victory Forever (Margolis)

The Trump administration has shattered expectations with its rapid response to the Los Angeles wildfire cleanup, delivering results in record time and proving critics wrong. Despite accusations of inefficiency and political grandstanding, the administration worked closely with California officials to expedite the recovery effort. And no one is covering it. CNN’s Scott Jennings pointed this out Friday night on “Laura Coates Live” on CNN, after Keith Boykin, a Democratic strategist and former Clinton White House aide, made a wild accusation that the Trump administration was responsible for “waste, fraud, and abuse” across various sectors, including water management and foreign aid.

“Not to mention the $400 million going to Elon Musk for his Cybertruck,” Boykin claimed. “This is the waste, fraud, and abuse in America. It’s not because of the federal workers doing their jobs. It’s because Donald Trump is self-dealing.” The Cybertruck story was debunked last month, by the way. But to the larger point that somehow Trump is causing “waste, fraud, and abuse” in America, Jennings destroyed that claim in a matter of seconds by highlighting an achievement that has gotten virtually no coverage in the media. It turns out that the Environmental Protection Agency (EPA) under Trump completed the hazardous materials cleanup in Los Angeles in just 29 days—far ahead of initial projections. “The estimates were it was going to take 18 months,” Jennings pointed out. “But this is the cleanup of the hazardous material that you have to do in order to start rebuilding. Twenty-nine days.”

Jennings dismissed the narrative that Trump was neglecting California, emphasizing instead the growing confidence in government efficiency under his leadership. “All this idea that there’s photo ops and waste and fraud and whatever and that Donald Trump was going to abandon California and L.A.—the EPA under Donald Trump, 29 days.”

Have you heard anything about this? Probably not, but it’s true. EPA Administrator Lee Zeldin announced the achievement on February 26. “President Trump set an extremely ambitious deadline for EPA to clean up all hazardous materials in the wake of the deadly California wildfires. Thanks to his leadership and the hard work of countless personnel in the field, we got it done in record time. There is still a long road ahead for thousands of residents who lost everything just a few weeks ago, but EPA is proud to do our part in the recovery process. The community will rebuild stronger than ever before,” Zeldin said in a statement. According to the agency, this effort “has been the largest wildfire hazardous waste cleanup in the history of the EPA.”

At the direction of President Trump, EPA partnered with the U.S. military and U.S. Department of Homeland Security to develop and execute a response plan. Under EPA leadership, crews identified and cleared hazardous materials from 13,612 residential properties and 305 commercial properties, paving the way for debris removal and other stages of the recovery effort to move forward. Administrator Zeldin traveled to Los Angeles on February 6, 2025, to survey damage and meet with EPA personnel on the ground. The results speak for themselves. Make no mistake about it, the Biden administration would have taken at least 18 months to get it done. The Trump administration took 29 days. Thanks to Trump, the government is working more efficiently and effectively, and the rebuilding process will be able to begin far sooner than anticipated. Once again, Trump delivered where bureaucrats and politicians had long failed.

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Found this funny: “..replace the wording about Russia’s ability to “maintain its war” with “earn revenue..”

• US Pushing To Soften Anti-Russia Language In G7 Document (RT)

The US has been pushing to soften the language aimed at Russia in the final communique of the upcoming G7 foreign ministers’ meeting, Bloomberg has reported, citing a draft of the joint statement and people familiar with the matter. The Group of Seven, comprising Canada, France, Germany, Italy, Japan, the UK, and US, will meet next week in the Canadian city of Charlevoix. According to the report published on Saturday, the administration of US President Donald Trump is pushing to strengthen the language on China while “watering down” the wording on Russia. The US wants to remove the word ‘sanctions’ from the final statement and replace the wording about Russia’s ability to “maintain its war” with “earn revenue,” Bloomberg said. The US has reportedly rejected Canada’s proposal to establish a task force that would monitor the so-called ‘shadow fleet’ of oil tankers the West claims Russia is operating to bypass sanctions on energy exports.

During the final weeks of the previous administration of President Joe Biden, the US blacklisted more than 180 vessels allegedly used to illegally transport Russian oil. Moscow insists that all Western sanctions are illegal and has denied that it operates a shadow fleet. Trump has abandoned his predecessor’s strategy of “isolating” Russia on the world stage and reopened direct talks with Russia, which were suspended in 2022. He has stressed that his priority is to end the conflict through diplomacy and reach a ceasefire between Moscow and Kiev. Last week, Trump suggested that the US could lift the sanctions “at some point” during peace talks. He has since threatened Moscow with a new round of “large-scale” sanctions until a ceasefire and a “final settlement agreement on peace” is reached. Moscow has stated that the Western sanctions have failed to weaken or isolate Russia, instead harming the countries that imposed them.

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“..it would “probably be the best contribution to the cause of peace.”

• Ukraine Loses Access To US Commercial Satellites (RT)

The US National Geospatial-Intelligence Agency (NGA) has stopped providing Ukraine with satellite imagery paid for by Washington, several media outlets have reported, citing a statement by the agency. The decision was made in line with President Donald Trump’s “directive on support to Ukraine,” it said. The move follows Washington’s recent freeze on further weapons deliveries and intelligence sharing with Kiev, which, in turn, came on the heels of last Friday’s altercation between Ukrainian leader Vladimir Zelensky and President Trump and Vice President J.D. Vance at the White House. The US head of state accused Zelensky of ingratitude and “gambling with World War III” by refusing to seek peace with Russia.

On Friday, the Washington Post, ABC News, and several other media outlets reported, citing a statement from the agency itself, that the NGA had “temporarily suspended [Ukraine’s] access” to commercial satellite imagery purchased by the US government. The NGA is a unit within the Department of Defense. The same day, Maxar, a leading US provider of commercial satellite imagery, issued a statement, confirming that the “U.S. government has temporarily suspended Ukrainian accounts” in the Global Enhanced GEOINT Delivery program. According to the Washington Post, the Ukrainian military, artillery and drone units in particular, had heavily relied on the NGA service. The media outlet quoted several Ukrainian service members as saying that the “suspension was immediately felt” by Kiev’s forces.

The publication noted, however, that Kiev could still access this kind of satellite imagery via its own accounts. In a post on X on Wednesday, Oliver Carroll, a staff writer for The Economist, claimed that the US had ceased providing Ukraine with the data needed to conduct long-range strikes on Russian targets with the help of High Mobility Artillery Rocket Systems (HIMARS). Also on Wednesday, CIA Director John Ratcliffe told Fox Business that Trump had “asked for a pause” in intelligence sharing with Ukraine to determine whether Kiev was ready to negotiate peace with Moscow.

Russian Foreign Minister Sergey Lavrov said that Washington’s decision to halt intelligence sharing with Kiev proved that without the West’s direct involvement “Ukraine would not be able to… launch long-range missiles at our territory.” Commenting on Tuesday on the halt of US intelligence sharing with Ukraine, Kremlin spokesman Dmitry Peskov expressed cautious optimism, noting that if the US were to suspend supplies altogether, it would “probably be the best contribution to the cause of peace.”

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“..that would require every adult male in Poland to undergo “large-scale military training” to prepare for a potential conflict with Russia..”

• Polish PM Plans To Double Size Of Army (RT)

Polish Prime Minister Donald Tusk has unveiled plans to more than double the size of the country’s military to 500,000. Speaking in the Polish Parliament on Friday, Tusk said Poland must be prepared for future conflicts and strengthen its defenses. Tusk reiterated his earlier claims that Russia poses a threat to Europe, saying Moscow could launch a “full-scale operation” against a “larger” target than Ukraine within three to four years – which Russia has repeatedly dismissed as unfounded. He argued that Poland must serve as a “bastion” to protect NATO’s eastern flank and should expand its military capabilities. “We’re talking about the need to have an army of half-a-million in Poland, including the reservists,” he stated, noting that Poland’s current armed forces number around 200,000, which he compared to Russia’s estimated 1.3 million troops.

Tusk said his government is drafting legislation that would require every adult male in Poland to undergo “large-scale military training” to prepare for a potential conflict with Russia. “We will try to have a model ready by the end of this year so that every adult male in Poland is trained in the event of war, so that this reserve is comparable and adequate to the potential threats,” he said. He added that Polish women may also be required to undergo military training, thought “war is still to a greater extent the domain of men.” Tusk’s remarks came a day after EU leaders approved a major military spending plan to unlock billions of euros to build up defense capabilities. The initiative – ReArm Europe – which was adopted following an emergency summit in Brussels, hikes defense spending by up to €800 billion ($840 billion) – twice the total EU defense expenditures in 2024.

The Kremlin condemned the bloc’s “militarization” plan, calling it a path towards confrontation that hinders peace efforts with Ukraine. In addition to a larger army, Tusk said Poland must enhance its military capabilities, including through the acquisition of nuclear and “modern unconventional weapons.” Tusk’s speech followed his recent accusations that Moscow is fueling a new arms race, and calls for fellow EU nations to ramp up defense spending. The Kremlin has criticized Tusk’s rhetoric as confrontational and militaristic. Moscow has rejected accusations that it poses a military threat to Europe, with President Vladimir Putin dismissing the claims as “nonsense” designed to justify increased military budgets.

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Kursk.

• Ukraine’s Losses Mounting Due To US Intel Freeze (RT)

The recent suspension of US intelligence sharing with Ukraine has critically weakened Kiev’s defense capabilities, leading to substantial casualties, territorial losses – particularly in the occupied part of Russia’s Kursk Region – and plummeting morale, Time reported on Friday, citing Western and Ukrainian officials familiar with the situation. One unnamed official claimed that the lack of US intel directly resulted in “hundreds of dead Ukrainians,” adding that “the biggest problem is morale,” as Kiev is unable to effectively use some of its most powerful Western-supplied weapons. According to Time, the abrupt halt in intelligence sharing has affected the Ukrainian foothold in the Russian border region of Kursk, which Ukrainian leader Vladimir Zelensky regards as a bargaining chip in potential peace talks with Russia.

The magazine said, citing sources, that Russia has made swift advances in the area, aiming to cut off Ukrainian supply lines into the region. According to Ukrainian media reports citing the Deep State monitoring website, Russian forces have nearly cut off Kiev’s foothold in Kursk Region from the border. The New York Post reported, citing sources, that Ukrainian forces in the region could wrap up their incursion within as little as two weeks due to supply shortages and deteriorating battlefield conditions. On Saturday, the Russian Defense Ministry confirmed gains in the region, saying Russian troops had liberated three villages. Ukraine invaded Kursk Region last August, and while it initially made some gains, the advance was soon halted.

A source in Zelensky’s government told Time that the loss of US intel has had major consequences beyond Kursk. The magazine noted that Ukraine has lost its ability to track Russian bombers and fighter jets, leaving the country vulnerable to surprise attacks. “It’s very dangerous for our people,” the source said. “It has to be immediately changed.” The halt in intelligence sharing has also weakened Ukraine’s ability to launch long-range and intermediate-range strikes against Russian military positions, as these operations rely heavily on precise targeting information from US reconnaissance data, Time added.

The US froze military aid and intelligence support for Ukraine following a heated exchange between Zelensky and US President Donald Trump on February 28 at the White House. During the televised meeting, Zelensky cast doubt on the possibility of diplomacy with Russia and told Trump and Vice President J.D. Vance that the US “will feel” the impact of the conflict. Trump accused Zelensky of being disrespectful and ungrateful for the US aid to Kiev, as well as being reluctant to seek peace with Russia while “gambling with World War III.” US officials have said the suspension of aid will remain in place until Kiev shows a commitment to holding peace talks.

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“..perhaps his handlers figured out that rolling a diseased-looking hippo in a white coat out in front of the cameras to parrot pharma industry talking points isn’t the compelling sell they would hope it might be.”

• Trump CDC to Probe Long-Rumored Vaccine-Autism Link (PJM)

Sources inside the Trump administration have leaked reported plans to put the CDC to work studying the “potential connections between vaccines and autism,” per the Washington Post. Via Washington Post:

“The Centers for Disease Control and Prevention is planning a study into the potential connections between vaccines and autism, according to two people familiar with the plan, despite overwhelming scientific evidence that there is no link between the two. The request for the study came from Trump administration officials, said the two people familiar with the plan, who spoke on the condition of anonymity out of fear of retaliation. President Donald Trump and Health and Human Services Secretary Robert F. Kennedy have repeatedly linked vaccines to autism… In a statement, HHS spokesman Andrew Nixon said: “As President Trump said in his Joint Address to Congress, the rate of autism in American children has skyrocketed. CDC will leave no stone unturned in its mission to figure out what exactly is happening. The American people expect high quality research and transparency and that is what CDC is delivering.”… The number of autism cases is rising in the United States. About 1 in 36 children has received such a diagnosis, according to data the CDC collected from 11 states, compared with 1 in 150 children in 2000.”

For the first time in history, the American people might actually get an exhaustive, thorough, (fingers-crossed) unbiased examination of the long-suspected link between the ever-growing list of recommended (for all practical purposes, mandated) childhood vaccines and skyrocketing autism rates among American children. The biomedical industry that would stand to lose billions — along with its credibility, possibly forever — if the results of this investigation don’t go its way is not likely to simply allow the research to go forward unimpeded. And it has a major asset on its side: the legacy corporate state media machine that, although it’s losing influence, still holds massive sway in terms of narrative-setting.

For such propagandistic purposes, MSNBC turned to the de facto face of the “vaccinate everything and let God sort it out” side of the ideological spectrum, Dr. Peter Hotez. (To be radically fair to Hotez, he’s looking significantly less bloated these days than we are accustomed to seeing him. Speculatively, perhaps his handlers figured out that rolling a diseased-looking hippo in a white coat out in front of the cameras to parrot pharma industry talking points isn’t the compelling sell they would hope it might be.)

Me thinks the doctor doth protest too much; if he’s as sure of his professed belief in vaccine safety as he portrays, why wouldn’t he be eager to put the conspiracy theories to bed once and for all rather than shut down any inquiry before it gets off the ground? For the record, Peter Hotez got everything wrong that he possibly could have during the pandemic in terms of his pronouncements regarding the COVID shots as a frequent guest on corporate state media. Hotez also — and he should never be allowed to skirt this stain either — declared himself, with none of the commensurate shame, a “junk-food-a-holic” on Joe Rogan’s podcast a few years back at the height of COVID insanity. He then, like the weasel that he is, justified his horrific dietary habits by hiding behind his autistic daughter, claiming that their trips to the “Burger Joint” are ritual bonding experiences that they share.

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A Moneypenny spinoff?!

• Bezos Ousts Bond Producers Over ‘Idiots’ Remark (RT)

Amazon CEO Jeff Bezos has taken full creative control of the James Bond franchise after longtime producer Barbara Broccoli reportedly called his executives “f**king idiots,” the Hollywood Reporter wrote on Friday. According to insiders, Bezos reacted immediately, ordering her removal at any cost, which ultimately led to a $1 billion deal. As a result, Amazon now holds full control over the future of James Bond. Amazon acquired MGM in 2022, gaining distribution rights to the films, but creative control remained with Eon Productions under Broccoli and Michael G. Wilson. The duo resisted Amazon’s proposed spin-offs, including a Moneypenny series and a female-led 007 project, preferring to maintain James Bond’s traditional narrative.

Tensions between Broccoli, Wilson, and Amazon executives escalated in late 2024. In December, the Wall Street Journal reported that Broccoli privately told friends she did not trust “algorithm-centric Amazon with a character she helped to mythologize through big-screen storytelling and gut instinct.” She also described the status of the next Bond film as dire, with no script, no story, and no actor chosen for the role. In the same conversation, referring to the company while among executives, she said, “These people are f**king idiots.”

The comment enraged Bezos, prompting him to take drastic action, the Hollywood Reporter stated. “He read her quote in the Journal and got on the phone and said, ‘I don’t care what it costs, get rid of her,’” an insider told the magazine. Soon afterwards, Amazon struck a deal worth nearly $1 billion to remove Broccoli and Wilson from creative control and bring the franchise under Amazon MGM Studios. After the deal was finalized in February 2025, Bezos shared a headline on X that read, “James Bond’s long-serving producers give control to Amazon,” adding the caption, “Who’d you pick as the next Bond?”

Read more …

 

 

 

 

Dore

 

 

Milk

 

 

Genius
https://twitter.com/i/status/1898335037918945515

 

 

Toucan

 

 

Support the Automatic Earth in wartime with Paypal, Bitcoin and Patreon.

 

 

 

 

 

Debt Rattle January 29 2025

Jan 292025
 
 January 29, 2025  Posted by at 10:41 am Finance Tagged with: , , , , , , , , , ,  73 Responses »


Pablo Picasso Visage 1928

 

• Biden Team Spent Aid Budget Like ‘Drunken Sailors’ – White House (RT)
• Trump To Offer Buyouts To All Federal Workers (ZH)
• Trump Executive Order Bans “Chemical And Surgical Mutilation” Of Children (ZH)
• Homan Defends ICE Raids, Says He Will Carry Out Mission ‘Without Apology’ (JTN)
• Trump Moves Undercut Dem Defense Of Biden (JTN)
• Comer Launches Investigation Into Sanctuary Cities, Invites Mayors To Testify (JTN)
• Biden Administration Tried To Kill Putin – Tucker Carlson (RT)
• Kremlin Responds To Carlson’s Claim Biden Admin Tried To Kill Putin (ZH)
• Ukrainian Energy Infrastructure On Verge Of Collapse – Forbes (RT)
• Putin: Direct Talks With Zelensky, But He Can’t Sign Peace Deal (Sp.)
• Ukraine Conflict Could End In Weeks – Putin (RT)
• Is Trump Positioning For A “No-Deal” With Russia – Or Not? (Alastair Crooke)
• Denmark Allows Russia’s Gazprom To Do Work On Damaged NS2 Pipeline (ZH)
• Dancing to Trump’s Disco Inferno (Pepe Escobar)
• How China Became Ideal Incubator for DeepSeek, US May Struggle to Follow (Sp.)
• Trump: Let’s Make Money In Gaza But First Dump The Palestinians (Jay)

 

 

 

 

Trump morning

Phone

Bongino

Vivek
https://twitter.com/i/status/1884060637648806341

DOJ
https://twitter.com/i/status/1883991123104063851

Tucker Tulsi

TuckerTaibbi

 

 

 

 

 

 

New White House Press Secretary Karoline Leavitt starts off with some catchy language.

• Biden Team Spent Aid Budget Like ‘Drunken Sailors’ – White House (RT)

The Biden administration spent the federal budget recklessly during its tenure, White House Press Secretary Karoline Leavitt said on Tuesday, defending President Donald Trump’s decision to temporarily freeze foreign aid.Speaking at a press briefing, Leavitt explained that Trump’s executive order, which suspends nearly all foreign aid expenditures for 90 days, is part of a broader effort to ensure fiscal responsibility and align spending with the administration’s “America First” agenda. “The past four years, we’ve seen the Biden administration spend money like drunken sailors. It’s a big reason we’ve had an inflation crisis in this country,” Leavitt said. Leavitt highlighted examples of what the Trump administration considers excessive spending under Biden. These include $37 million earmarked for the World Health Organization (WHO) and $50 million for condom distribution programs in Gaza.

“That is a preposterous waste of taxpayer money,” she added. The freeze, she noted, reflects the administration’s commitment to responsible use of public funds. President Trump signed the executive order shortly after being sworn in for his second term last Monday. The measure halts foreign development aid and other spending for 90 days, pending reviews by the newly established Department of Government Efficiency and the Office of Management and Budget. Some exemptions include military aid to allies like Israel and Egypt, as well as emergency food aid programs. Outlining the rationale for the freeze, Secretary of State Marco Rubio pledged to prioritize programs that directly benefit the United States while cutting unnecessary expenditures. “Every dollar we spend, every program we fund, and every policy we pursue must be justified with the answer to three simple questions: Does it make America safer? Does it make America stronger? Does it make America more prosperous?” Rubio said last week.

The aid freeze has drawn criticism from some diplomats and organizations, particularly those involved in Ukraine-related programs. According to the Financial Times, several US diplomats have requested exemptions for critical development projects in Ukraine, even as military assistance to Kiev remains unaffected. These requests are reportedly under review. Since the escalation of the Ukraine conflict in February 2022, the US has provided over $65 billion in direct military aid and an additional $100 billion for various Ukraine-related projects. Trump, however, has expressed skepticism about continuing such levels of support, advocating for a diplomatic resolution to the conflict. His administration aims to broker a peace deal between Ukraine and Russia within 100 days, backed by threats of increased sanctions against Moscow.

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“..56 percent of the civil service is covered under collective bargaining agreements that include telework provisions, while a full 10% of federal jobs are now designated as fully “remote..

• Trump To Offer Buyouts To All Federal Workers (ZH)

Update (1750ET): According to CNBC, the buyout offer is for all 2 million federal workers. One senior administration official told the outlet that they expect 5-10% of the federal workforce to quit, which could lead to roughly $100 billion in savings.

* * *
In December, then-President-elect Donald Trump warned federal employees working from home that they would have to return to the office, or “they’re going to be dismissed.” Now, according to Axios, the Trump administration will send out a memo Tuesday afternoon offering to pay federal workers who don’t want to return to the office, in what would amount to an 8-month severance through Sept. 30, a White House official tells the outlet. “The government-wide email being sent today is to make sure that all federal workers are on board with the new administration’s plan to have federal employees in office and adhering to higher standards. We’re five years past COVID and just 6 percent of federal employees work full-time in office. That is unacceptable,” said the anonymous senior administration official.

More via Axios: It’s not clear how many workers would be eligible for this offer, or how it would be paid for. According to guidance posted on OPMs website, in order to be eligible for severance pay workers must have completed at least “12 months of continuous service,” as well as meet other requirements. Political appointees aren’t eligible for severance, per the website. Many federal workers are already feeling scared about the administration’s crackdown on DEI, its return-to-office policy and the effort to reclassify civil servants. That unease could increase take-up on this new offer. Earlier on Tuesday, White House Press Secretary Karoline Leavitt said that the president has the authority to fire federal employees. While that is true about at-will political appointees, federal workers have more protections.

Leavitt was defending Trump’s firings of at least a dozen agency inspectors general. During the pandemic, approximately 2.3 million federal employees shifted away from traditional office spaces. This shift was not just a temporary adjustment, but a transformational move that many hoped would persist post-pandemic due to its perceived benefits in work-life balance and reduced operational costs. The Biden administration, acknowledging these benefits, continued to support telework, facilitating the reduction of government-owned real estate and integrating flexible work arrangements into the fabric of federal employment. However, with Trump’s election, a quick pivot is on the horizon. Unsurprisingly, Trump’s call for a return to office has been met with resistance from federal employees and unions. Approximately 56 percent of the civil service is covered under collective bargaining agreements that include telework provisions, while a full 10% of federal jobs are now designated as fully “remote,” according to the Washington Post.

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The vast majority of Americans will agree with this, even Democrats.

• Trump Executive Order Bans “Chemical And Surgical Mutilation” Of Children (ZH)

Hours after signing an executive order restricting transgender service in the US military, President Donald Trump on Tuesday signed a sweeping executive order banning the “chemical and surgical mutilation” of children, in a move that takes direct aim at pediatric gender transition treatments. The order, titled “Protecting Children from Chemical and Surgical Mutilation,” yanks federal funding for so-called gender-affirming care. The EO prohibits federal funding, support, or promotion of pediatric ‘gender-affirming’ medical interventions. It outlines detailed measures across multiple federal departments, including Health and Human Services (HHS), the Department of Defense, and the Department of Justice (DOJ), to curtail treatments such as puberty blockers, hormone therapies, and gender-related surgeries for individuals under the age of 19. -Tampa Free Press. According to the report, the order includes:

• Defunding Medical Institutions: Federal research and education grants will be withheld from hospitals and schools performing pediatric gender-transition treatments.
• TRICARE Coverage Restrictions: The Department of Defense will exclude these treatments from military health insurance programs.
• Insurance Policy Changes: Federal Employee Health Benefits and Postal Service Health Benefits programs will bar coverage for transgender-related pediatric surgeries or hormone treatments.
• Consumer Protection: The DOJ is directed to prioritize investigations into deceptive practices or misinformation regarding long-term effects of gender-affirming care, including potential fraud or violations of the Food, Drug, and Cosmetic Act.

“Across the country today, medical professionals are maiming and sterilizing impressionable children,” reads the order, which describes such procedures as a “stain on our Nation’s history.” The order also calls for a comprehensive review of scientific evidence surrounding gender dysphoria, and calls for the Department of Health and Human Services to publish updated guidance within 90 days. The Trump administration will replace the existing standards – such as those issued by the World Professional Association for Transgender Health (WPATH), which the order deems lacking in “scientific integrity,” the Free Press continues.

The executive order represents a significant escalation in the administration’s broader campaign to curtail diversity, equity, and inclusion (DEI) initiatives, as well as gender-related policies, in government and public life. It builds upon earlier executive actions restricting DEI programs and eliminating gender-affirming policies in federal agencies and education. The order also authorizes federal law enforcement agencies to challenge states that support gender-affirming care for minors or policies that strip parental custody over disputes involving a child’s medical treatment. It tasks the DOJ with drafting legislation to allow parents and children affected by such procedures to file lawsuits against medical professionals. -Tampa Free Press. And of course, we’re sure it’s only a matter of hours before civil rights organizations file lawsuits to allow parents and doctors to continue abusing confused children.

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“This, what happened on the southern border the last four years, is the biggest national security threat this country’s seen, at least in my lifetime.”

• Homan Defends ICE Raids, Says He Will Carry Out Mission ‘Without Apology’ (JTN)

New border czar Tom Homan on Monday defended the immigration raids that U.S. Immigration and Customs Enforcement (ICE) officers carried out over the weekend, and said he will continue to carry out the raids “without apology.” Actress Selena Gomez posted a tearful video online Monday, which has since been deleted, where she apologized to her fans for the mass deportations, claiming she wished she could do something for the children impacted by the raids. Homan told Fox News that he was not aware of families being deported, and that the administration was focused on deporting national security and public safety threats. “Look, President [Donald] Trump won the election on this one issue: securing our border and saving lives,” Homan said. “This, what happened on the southern border the last four years, is the biggest national security threat this country’s seen, at least in my lifetime.”

Homan said he expects that the continued operations will result in lethal fentanyl overdoses decreasing, a decrease in crimes by illegal immigrants, and a decrease in sex trafficking. “We’re going to do this job. And we’re going to enforce the laws of this country. If they don’t like it, then go to Congress and change the law. We’re going to do this operation without apology. We’re going to make our communities safer,” Homan said. “It’s all for the good of this nation, and we’re going to keep going. No apologies. We’re moving forward.” The comment comes after ICE and a small handful of other federal agencies conducted raids over the weekend that resulted in the arrests of more than 2,000 people, including nearly 1,000 on Sunday.

Homan

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“Absolutely massive cleanup effort is underway in western North Carolina today!”“The Army Corps of Engineers are everywhere!”“Why didn’t Joe Biden do this 4 months ago?”

• Trump Moves Undercut Dem Defense Of Biden (JTN)

President Donald Trump’s whirlwind first week back in office has seen him move decisively to lock down the southern border, implement mass deportations, wrap up Middle Eastern conflicts, and deliver aid to storm-ravaged parts of the U.S., leaving many to ask why now-former President Joe Biden didn’t make the same moves months ago. During the 2024 presidential campaign, Biden and then-Vice President Kamala Harris repeatedly blamed Trump for torching a bipartisan immigration bill and insisted that the commander-in-chief could not move to secure the border without support from Congress. Trump rebutted that the president had broad executive authority on the matter and didn’t require any new legislation.

Biden also drew flak for his response to Hurricane Helene, which devastated western North Carolina and saw thousands of people lose their homes. The perceived sluggish and allegedly politicized handling of the disaster in light of the region’s Republican tilt fueled outrage among the residents and outside observers alike. In the Levant, moreover, the last days of the Biden presidency saw Israel and Hamas reach a ceasefire agreement to end the more-than-year-long conflict in the Gaza Strip, but only after then-President-elect Trump dispatched his own envoys to push the deal over the finish line. Most of the agreement’s terms fell within a previously-negotiated framework. The rapid, post-election turnaround on these keynote issues has many conservatives insisting that Biden had merely opted not to address the issues and that leaving them unresolved had simply been deliberate.

Since launching his 2016 campaign, Trump has focused on illegal immigration and vowed to crack down at the border, including by building a wall. The Biden administration saw more than 10 million people enter the U.S. illegally, according to U.S. Customs and Border Protection figures. In 2024, Democrats worked with Sen. James Lankford, R-Okla., to negotiate an immigration reform package that would have established an illegal crossings threshold for the Department of Homeland Security to implement stringent border controls. Republicans asserted that the bill essentially condoned a predetermined amount of illegal immigration and did little of substance. Lankford received widespread criticism over his perceived negotiating failure and Trump urged Republicans to sink the bill, which they did. Its failure led Democrats to blame Trump repeatedly for the border influx and insist he had undermined a credible solution to permit him to run on fixing the problem.

Amid debate on the bill, which occurred three years into the four-year term, Biden himself said it would “give me as president, the emergency authority to shut down the border until it could get back under control… If that bill were the law today, I’d shut down the border right now and fix it quickly.” At the time, Republican lawmakers dissented, arguing that Biden already had the authority to address the issue. “Anyone who says Biden needs new laws to stop the migrant crisis is a liar. The law RIGHT NOW says if the President finds that the entry of any aliens would be detrimental to the U.S. he can “suspend the entry of all aliens or any class of aliens,” then-Sen. Marco Rubio, R-Fla., said at the time.

The bill did not pass, however, and Trump has moved to seal the border without so-called “emergency authority.” Footage from Trump’s first day in office showed border officials blocking ports of entry and declaring that anyone attempting to enter the U.S. would face arrest. He also deactivated the CBP One app, which Biden’s DHS had used to process illegal entrants. On Sunday alone, moreover, Immigration and Customs Enforcement (ICE) reported 956 arrests of illegal aliens, including many violent offenders. The agency had arrested 1,300 by Thursday, according to NewsNation. “The Biden admin knew exactly who these criminal illegal aliens were and where they lived. ICE was not allowed to make the arrests until President Trump entered office,” posted Rep. Burgess Owens, R-Utah, in response to a video showing the arrest of a criminal illegal alien from Haiti.

Hurricane Helene proved devastating to western North Carolina in the leadup to the presidential election. The mountainous region rarely faces storms of that degree and was ill-prepared to handle the large-scale flooding that washed away entire towns, such as Chimney Rock. The death toll cleared 200 in early October, making it the deadliest storm to hit the mainland United States since Hurricane Katrina in 2005. High-profile figures such as Elon Musk took aim at the Federal Emergency Management Agency (FEMA), contending it was blocking aid to the storm victims. Biden visited the Carolinas on the heels of a Trump trip to northwestern Georgia the same week and authorized the deployment of 1,000 troops to aid in the recovery effort.

Nonetheless, Biden faced blowback over his perceived failure of leadership, especially from now-Vice President JD Vance, who criticized the slow deployment of the 82nd Airborne to the region. “The 82nd Airborne is an hour away from western North Carolina, and it took six days to get them there,” he said in Greensboro while on campaign. “That doesn’t happen without a failure of leadership, but we gotta get to the bottom of exactly what that failure of leadership looked like.” Trump speedily deployed additional forces to the region to bolster rebuilding efforts and visited the area during his first week in office. Monday saw residents observe a large presence of federal troops working to rebuild key infrastructure and provide relief. “Absolutely massive cleanup effort is underway in western North Carolina today!” posted Matt Van Swol, a resident of the area who has documented the recovery efforts on social media. “The Army Corps of Engineers are everywhere!”“Why didn’t Joe Biden do this 4 months ago?” he asked.

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“The investigation is looking into the policies of sanctuary cities when it comes to federal immigration enforcement..”

• Comer Launches Investigation Into Sanctuary Cities, Invites Mayors To Testify (JTN)

House Oversight Chairman James Comer on Monday launched an investigation into sanctuary cities, requesting documents and communications related to their policies and their impact on public safety. Comer sent the requests to Boston Mayor Michelle Wu, Chicago Mayor Brandon Johnson, Denver Mayor Mike Johnston, and New York City Mayor Eric Adams, and invited the mayors to testify in front of the committee on Feb. 11. The investigation is looking into the policies of sanctuary cities when it comes to federal immigration enforcement. Sanctuary cities have largely promised not to work with the federal government in order to protect their illegal alien residents from deportation.

“The Committee on Oversight and Government Reform is investigating sanctuary jurisdictions across the United States and their impact on public safety and the effectiveness of federal efforts to enforce the immigration laws of the United States,” Comer said in a statement. “Sanctuary jurisdictions and their misguided and obstructionist policies hinder the ability of federal law enforcement officers to effectuate safe arrests and remove dangerous criminals from American communities, making Americans less safe,” he added.

Adams has expressed a willingness to work with the Trump administration to deport illegal immigrants who commit dangerous crimes in his city, and previously met with Trump and his border czar Tom Homan to discuss the migrant crisis. Trump has also recently signed a flurry of executive orders that crack down on illegal immigration. “In addition to the efforts of the Trump Administration to ensure federal immigration enforcement can proceed unimpeded, Congress must determine whether further legislation is necessary to enhance border security and public safety,” Comer said. “It is imperative that federal immigration law is enforced and that criminal aliens are swiftly removed from our communities.”

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“Who takes over Russia? What happens to the nuclear arsenal in a country so complex that outsiders can’t even understand… That’s demented that you would even think about something like that..”

• Biden Administration Tried To Kill Putin – Tucker Carlson (RT)

The administration of former US President Joe Biden tried to assassinate Russian President Vladimir Putin during the Ukraine conflict, American journalist and former Fox News host Tucker Carlson has claimed. In an interview with journalist Matt Taibbi on Monday, Carlson suggested that many former and current US officials have been rattled by President Donald Trump’s campaign to declassify numerous government papers, as they see the potential fallout as extremely dangerous. “I think this was one of the reasons [ex-Secretary of State] Tony Blinken was pushing so hard for a real war, trying to kill Putin, for example… The Biden administration did [it], they tried to kill Putin,” Carlson said, without providing any further details about the alleged assassination plot.

Carlson, who broadcast a bombshell interview with Putin last February, described the alleged move as “insane,” pointing to the potentially cataclysmic fallout for global security. “Who takes over Russia? What happens to the nuclear arsenal in a country so complex that outsiders can’t even understand… That’s demented that you would even think about something like that,” he added. US officials have never publicly acknowledged plans to assassinate Putin, or any other Russian or Soviet leaders. However, Newsweek reported in September 2022 that US defense officials had discussed a “decapitation strike” if Russia used nuclear weapons in Ukraine. Moscow has repeatedly denied that such an option has ever been on the table, arguing that there are no targets in the neighboring country for such a weapon.

Russian Foreign Minister Sergey Lavrov interpreted the allegations of a “decapitation strike,” as “a threat to assassinate the head of the Russian state.” “If such ideas are really being considered, those involved must carefully think about the possible consequences,” he said at the time. In May 2023, Russia accused Ukraine – which has received massive aid from the US – of attempting to assassinate Putin in the Kremlin using a drone strike, although the aircraft was neutralized. While Ukraine has denied any involvement, Blinken said at the time that Washington had no prior warning of the raid, adding that Kiev was free to defend itself in any way it saw fit.

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..Antony Blinken had pushed for a “real war” with Russia and that the Biden administration sought to “kill Putin.”

“Russian President Vladimir Putin is well protected from any potential threats..”

• Kremlin Responds To Carlson’s Claim Biden Admin Tried To Kill Putin (ZH)

Tucker Carlson has unleashed international controversy this week when in an interview with journalist Matt Taibbi, Carlson claimed that former Secretary of State Antony Blinken had pushed for a “real war” with Russia and that the Biden administration sought to “kill Putin.” The former Fox News host described the plot as madness and insanity on the part of the prior Democratic administration. However, Carlson didn’t offer specifics or any evidence. Carlson stated firmly that the Biden White House “was pushing so hard for a real war, trying to kill Putin, for example… The Biden administration did [it], they tried to kill Putin.” Watch the clip with Carlson and Taibbi:

Last February Carlson went to Moscow to interview Putin one-on-one, and it’s unclear whether the Russian leader may have conveyed some specific information at that time. On Tuesday, the Kremlin responded to what was said in the Carlson interview, and the statements were cryptic and vague, neither confirming nor denying the claim of an assassination plot. Below is a Russian media summary of the Kremlin response: “Russian President Vladimir Putin is well protected from any potential threats, Kremlin spokesman Dmitry Peskov said on Tuesday. He was responding to a claim by American journalist Tucker Carlson that the administration of former US President Joe Biden planned to assassinate the Russian leader. …The conservative journalist did not provide any details of the alleged plot. However, he denounced the purported plan as “insane,” considering the power vacuum it would create in Russia and the potential for Moscow’s vast nuclear arsenal to end up in the wrong hands.”

Asked to comment on Carlson’s remarks on Tuesday, Peskov would neither confirm nor deny US attempts to target Putin, nor reveal any knowledge of such plans by officials in Washington in the past. “Russian security services continuously take all necessary measures to ensure public safety and the safety of those under state protection. First and foremost, the head of state,” he told reporters. There was a past drone attack out of Ukraine which hit a building of the Moscow Kremlin complex. At that time it was seen as targeting Russian leadership, but it’s not clear that this episode is what Carlson had in mind. Carlson seemed to be saying something more significant was afoot – that Washington was will to risk a ‘decapitation strike’ or operation, perhaps especially if something like a Russian nuclear launch was imminent or likely. But if such a plan was an ‘option’ – it would be highly classified and the Biden admin wouldn’t want it to get out. If there had been such a secretive plot, it’s possible that President Trump could confirm or reveal it at a future date.

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“According to the International Energy Agency and the Office of the UN Human Rights Commissioner, Ukraine now has just one-third or less of its pre-war capacity.”

• Ukrainian Energy Infrastructure On Verge Of Collapse – Forbes (RT)

Ukraine’s energy infrastructure is reportedly nearing collapse following sustained Russian attacks, according to a report by Forbes on Monday. The article by energy analyst Gaurav Sharma suggested that the country’s power grid has suffered severe damage and will require billions of dollars to repair. Russia has been targeting Ukraine’s energy infrastructure since October 2022, shortly after the bombing of the Crimean Bridge, for which Kiev claimed responsibility. Moscow has since conducted a number of large-scale strikes on the country’s power grid with the aim of crippling Kiev’s military-industrial complex, according to the Russian Defense Ministry, which has maintained that its strikes are not directed at civilians.

In early 2024, Moscow also added Ukrainian power plants to its list of legitimate military targets as a response to Kiev’s continued drone incursions in Russian territory, which have targeted Russian energy infrastructure as well as residential areas. In its latest article on the state of Ukraine’s energy system, Forbes specifically highlighted a large-scale attack that Russia carried out on December 25. It involved more than 170 missile and drone strikes, causing extensive damage to Ukraine’s energy infrastructure. Sharma described the attack as a major blow to the grid, which had already been weakened by previous strikes.

It is believed that Ukraine’s power capacity had already been cut in half due to Russia’s continued attacks by the beginning of 2024. Some 6GW of capacity was also lost after Moscow took over the Zaporozhye nuclear power plant at the beginning of the conflict. In subsequent attacks in March and May 2024, Kiev is believed to have lost another 9GW of power generation capacity. According to the International Energy Agency and the Office of the UN Human Rights Commissioner, Ukraine now has just one-third or less of its pre-war capacity.

Forbes noted that, while Kiev has not officially confirmed that its power systems are “on their knees,” it is “hard” to draw any other conclusion. The outlet added that, while efforts to repair the damage are ongoing, the scale of destruction has made full restoration difficult and costly. According to Forbes, citing sources in Kiev, the cost of the damage to Ukraine’s power infrastructure is thought to be in the region of $15 billion to $20 billion. This, coupled with the Ukrainian energy industry’s financial losses, means the total cost of reconstruction could reach $70 billion, according to the outlet.

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1/ Putin won’t be part of the talks, he’ll send underlings.
2/ Russia’s been cheated before.

• Putin: Direct Talks With Zelensky, But He Can’t Sign Peace Deal (Sp.)

Volodymyr Zelensky signed a decree outlawing peace negotiations with Moscow in 2022, months after the West sabotaged a ready peace treaty to pursue an all-out proxy war against Russia. President Putin has expressed readiness to find negotiators to speak directly with Volodymyr Zelensky. “If he wants to take part in negotiations, I will select such people, it’s not an issue. The question is about the final signing of the documents,” Putin said in a TV interview Tuesday, noting that Zelensky’s legitimacy has expired, and he therefore “does not have the right to sign anything.” Under Ukrainian law, the end of the president’s term means his powers are transferred to the chairman of the Verkhovna Rada parliament, and in accordance with the Constitution, even martial law does not give him the right to extend his authority, Putin said.

Zelensky’s powers officially ran out last spring, but he remained in office after cancelling elections, citing martial law. “On the question of the final signing of the documents…there cannot be a single mistake or wrinkle. Everything must be polished,” Putin emphasized. Furthermore, direct talks cannot start if Zelensky does not lift his self-imposed ban, Putin said. “If there is a desire, any legal question can be resolved. So far, we simply don’t see such a desire” from the Ukrainian side, the president said. “Negotiations factually began immediately after the start of the Special Military Operation. Initially, we told the Ukrainian leadership at the time that the people of the Lugansk and Donetsk People’s Republics don’t want to be part of Ukraine. Leave these territories, and that’s it, that’s where it ends. No fighting, no war,” Putin said.

The Ukrainian side rejected these terms, but Russia nevertheless agreed to talks. “This was at the end of February 2022,” Putin recalled. Russia was prepared to implement the peace deal reached in Istanbul in the spring of 2022, “even though there were things [in the draft deal, ed.] which we had issues with,” Putin revealed. “Nevertheless, I agreed that we were ready to implement this document. And on March 15 or 16 we informed Kiev that we were ready to refine and sign this document. There was practically nothing to change there,” he said. “Somewhere near the end of March [2022, ed.] we received a proposal from Kiev – the one with the signature of the head of the Ukrainian negotiations group, Mr. Arakhamia. And it was these Ukrainian proposals – I want to emphasize this, it’s very important, that formed the basis of the draft peace treaty developed at Istanbul,” Putin said.

The draft agreements also “had a small point proposed for consideration by the Ukrainian side on a personal meeting between the two presidents. I agreed to this,” Putin added.Russia also sent signals to Kiev’s Western sponsors, including now former US president Joe Biden, Putin said, saying he had made clear that “if they had a desire…to achieve peace, the path was very simple.” Today, Putin said, Ukraine’s sovereignty is “almost nil,” and without foreign sponsorship and weapons, the present conflict would “end in a month and a half or two months.” Putin also commented on Zelensky’s claims that he banned negotiations after the Russian military was stopped at the gates of Kiev in early 2022, pointing out that Russian forces withdrew voluntarily as an act of good faith for the sake of the peace treaty being negotiated in Istanbul, many months before Zelensky implemented his ban in October 2022.

“For us it was clear in principle that deception was a serious risk. Russia has been deceived in a similar manner for decades: they say one thing, they do something completely different,” Putin said. “Nevertheless, based on considerations of the need to prevent the bloodshed associated with a serious war, we agreed, and began to withdraw troops from Kiev at the end of March.” Subsequently, then-British Prime Minister Boris Johnson flew to Kiev on NATO’s behest to tell Zelensky to scrap the peace plan, and Ukrainian and Western media blew up the Bucha Massacre controversy, accusing Russian forces of slaughtering unarmed Ukrainian civilians in a suburb of Kiev to justify continued fighting and Western support. Follow-up investigations revealed that the civilians killed at Bucha were murdered by Ukrainian neo-Nazi forces sent in to punish locals accused of ‘collaborating’ with Russian forces.

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“..without such a step, any proposed negotiations would be as illegitimate as Vladimir Zelensky..”

• Ukraine Conflict Could End In Weeks – Putin (RT)

The Ukraine conflict could end in two months of Kiev is deprived of the money and ammunition it depends on to continue fighting, Russian President Vladimir Putin has said. Speaking to reporter Pavel Zarubin on Tuesday, Putin was asked about the possibility of a negotiated end to the Russia-Ukraine conflict. “They can’t exist without their Western sponsors. They won’t last a month if the money and ammunition run out,” Putin told Zarubin. “Everything can be over in a month and a half to two months. Ukraine practically has no sovereignty, in that sense,” the Russian president added. According to Putin, if Kiev’s western backers truly want peace, “this is very easy to do,” adding that Moscow has already spelled out its terms very clearly.

Kiev can signal its willingness to talk by canceling the decree banning all negotiations with Russia, Putin said. He explained that without such a step, any proposed negotiations would be as illegitimate as Vladimir Zelensky, whose presidential mandate expired last spring. The US and other backers of Ukraine have channeled more than $200 billion in aid to Kiev, ranging from weapons, equipment, and ammunition, to cash payments for the salaries of government employees and pensions. The Kremlin has pointed to this support as making the West “de facto a party to the conflict,” which both Washington and Brussels have officially denied.

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Trump has a short window to get out and blame it all on Biden. Very short by now.

• Is Trump Positioning For A “No-Deal” With Russia – Or Not? (Alastair Crooke)

Trump’s rhetoric about Russia having lost 1 million men in the Ukraine conflict is not just nonsense (the real number not even reaching 100,000), but his resort to it underlines that the usual meme of Trump being just woefully misinformed is looking less and less plausible. After touting the 1 million Russian deaths, Trump then suggests that Putin is destroying Russia by not making a deal. Adding (seemingly as an aside), that Putin may have already made up his mind ‘not to make a deal’. Instead, in a curiously disinterested way, Trump remarks that negotiations would depend entirely on whether Putin is interested or not. He further claims that Russia’s economy is in ruins, and most notably says that he would consider sanctioning or tariffing Russia, if Putin does not make a deal. In a subsequent Truth Social post, Trump writes, “I’m going to do Russia, whose Economy is failing, and President Putin, a very big FAVOR”.

This – plainly said – is a narrative of an entirely different order: No longer is it his Envoy Kellogg or another team member saying it; it is Trump’s own words as President. Trump answers a journalist’s question ‘Would [he] sanction Russia’ should Putin not come to the negotiating table? To which he responds, “that sounds likely”. What, we might ask, is Trump’s strategy? It seems more as though it is Trump that is preparing for a ‘no deal’. He must be aware that Putin repeatedly has made plain that he is both interested and open to talks with Trump. There is no doubt about that. Yet Trump subsequently contradicts the ‘loser discourse’ in yet another apparent after-thought: “I mean … it’s a big machine so, eventually things will happen …”. Here he appears to be saying that the Russian ‘big machine’ ultimately will win. Russia will be a winner – and not a loser.

Maybe Trump is thinking simply to let the dynamics of the military ‘trial of strength’ play out. (If that is his thinking, he cannot utter such sentiment out loud – explicitly – as the Euro-élites would sink even further into a pathological tailspin). Alternatively, were Trump to be seriously seeking productive negotiations with Putin, it is certainly not a good way to start by being deeply disrespectful towards the Russian people – depicting them and President Putin as ‘losers’ who desperately need a deal; whereas the reality was that it was Trump who earlier had touted getting a deal within 24 hours. His disrespect will rankle – not just with Putin – but for most Russians. The ‘loser narrative’ simply will stiffen Russian opposition to a Ukraine compromise.

The backdrop is that Russia in any case collectively eschews the idea of any compromise that “boils down to freezing the conflict along the line of engagement: that will give time to rearm the remnants of the Ukrainian army, and then start a new round of hostilities. So, that we have to fight again, but this time from less advantageous political positions”, as Professor Sergei Karaganov has noted. Moreover, “the Trump administration has no reason to negotiate with us on the terms we [Russia] have set. The war is economically beneficial to the U.S. … and [possibly] also to removing Russia as the powerful strategic support of America’s main competitor ? China”. Professor Dmitri Trenin similarly predicts that,

“Trump’s bid to secure a ceasefire along Ukraine’s battle lines will fail. The American plan ignores Russia’s security concerns and disregards the root causes of the conflict. Meanwhile, Moscow’s conditions will remain unacceptable to Washington, as they would effectively mean Kiev’s capitulation and the West’s strategic defeat. In response Trump will impose additional sanctions on Moscow. Despite strong anti-Russian rhetoric, U.S. aid to Ukraine will decrease, shifting much of the burden onto Western European nations”. So why cast Russia as contemptible ‘losers’, unless this forms Trump’s strategy for walking away from the Ukraine issue? If a clear-cut U.S. ‘victory narrative’ seems beyond reach, then why not invert the narrative?‘Mission accomplished’ being obstructed solely by Russia’s ‘loser streak’.

This inevitably leads to the question of what is the meaning – exactly – of the return of America’s “most famous criminal defendant to the White House”, and his promise of a “revolution of common sense”? “There is no doubt that it is revolutionary”, Matt Taibbi argues: “Trump galvanized [income mal-distribution] resentment, creating a political Sherman’s march that left institutional America smouldering. The corporate press is dead. The Democratic Party is in schism. Academia is about to swallow a giant bottle of bitter pills, and after the executive orders signed Monday: a lot of DEI instructors will have to learn to code” [i.e., will be unemployed].

Yes, Taibbi observes, “it makes me nervous to see a murderer’s row of censorious CEOs (particularly Bezos, Pinchai, and the repulsive Cook) sitting in front of Trump, together with other Wall Street luminaries … nonetheless, if the deal was support for Trump in exchange for platforms going back to being merely self-interested profit-gobblers, I’ll take it over the previous cabal. The Wall Street Journal was probably closest to capturing the essence of that idea of the event with yesterday’s header, “The New Oligarchy is a Vast Improvement on the Old””.

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Trump must have agreed with this?!

• Denmark Allows Russia’s Gazprom To Do Work On Damaged NS2 Pipeline (ZH)

In a very unexpected development Denmark is now working directly with Russia’s Gazprom to do environmental mitigation on the damaged Nord Stream pipelines, in the wake of the multiple underwater blasts that took them offline on September 26, 2022 – leading to years of accusations against Moscow and a Russia-West tit-for-tat. Denmark’s energy agency has granted Nord Stream 2 AG (which is under Gazprom) permission to engage in preservation work on Nord Stream 2 in the Baltic Sea. The agency described that there remain serious safety risks after the natural gas pipeline was filled with seawater and the remnants of natural gas. “The work aims to preserve the damaged pipeline by installing customized plugs at each of the open pipe ends to prevent further gas blow-out and the introduction of oxygenated seawater,” Denmark’s energy agency said.

The $11 billion pipeline project to pump Russian gas to Germany was hugely contentious for years, with Washington opposing it, before it was blown up in a ‘mysterious’ sabotage operation. The Western mainstream media has since backed off its repeat accusations that Moscow must have blown up its own vital pipeline, in light of revelations and a recent consensus that it was either a team of Ukrainian specialists on a ‘rogue’ yacht or else a major CIA op with help from the US Navy. While Scandinavian countries were once leading the accusations and investigations against Moscow related to the sabotage, suddenly Denmark appears to be working with ‘pariah’ Russia. All of this is happening as Washington still has far-reaching sanctions on Russia as well as the NS2 Russian operator, Gazprom’s Nord Stream 2 AG.

“The damaged line of NS2 is estimated to still contain approximately 9-10 million cubic meters of natural gas, while the intact line remains filled with gas, the Danish agency said,” Reuters notes. “The United States in December issued further sanctions on the operator and other Russian entities saying it considers Nord Stream 2 a Russian geopolitical project and opposes efforts to revive it,” the report adds. This has raised the crucial question of whether the Russian entity’s supposed environmental mitigation efforts are but cover to eventually revive the controversial project. This brings up other questions of context and timing. After all, the Danish government is currently locked in a very public battle and war of words with the new Trump administration over Greenland’s sovereignty. Is the tiny NATO country of Denmark in search of any and all possible leverage?

From close US ally to lashing out… And given the Ukraine war increasingly seems unwinnable from the Western perspective, is it time for a European reset vis-a-vis Russia and its heavily relied upon natural gas? The following hit Politico on Tuesday: “France has discussed with Denmark sending troops to Greenland in response to United States President Donald Trump’s repeated threats to annex the Danish territory, French Foreign Minister Jean-Noël Barrot said. Asked about calls to send EU troops to Greenland, Barrot said in an interview with France’s Sud Radio that France had “started discussing [troop deployment] with Denmark,” but that it was not “Denmark’s wish” to proceed with the idea. Barrot’s comments came as Danish Prime Minister Mette Frederiksen was in the middle of a lightning tour of European capitals to drum up support from allies in dealing with Trump.”

Essentially, at the very moment Denmark is trying to “drum up support” within Europe to stand up to Trump, the Danish government goes from condemning Russia’s sanctioned Gazprom to working with it and authorizing it to do work on NS2. But likely there will be a shrug from the White House, given the current broader context is Trump is trying to get Moscow to the negotiating table in hopes of quickly winding down the Ukraine war.

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Long from Pepe. This is just a small part.

• Dancing to Trump’s Disco Inferno (Pepe Escobar)

Now to the war against the Global Majority. Inestimable Prof. Michael Hudson is adamant: in an absolutely must read essay, he concisely explains that “when Trump promised his voters that the United States must be the ‘winner’ in any international trade or financial agreement, he is declaring economic war on the rest of the world.” The key Hudson take away: If nations in the Global South are to save their economy “from being plunged into austerity, price inflation, unemployment and social chaos”, they will have to “suspend payments on foreign debts denominated in dollars.” It’s a work in progress: “Circumstances…are forcing the world to break away from the US-centered financial order.

The US dollar’s exchange rate is going to soar in the short term as a result of Trump blocking imports with tariffs and trade sanctions. This exchange-rate shift will squeeze foreign countries owing dollar debts in the same way that Mexico and Canada are to be squeezed. To protect themselves, they must suspend dollar debt service.” There may be serious problems ahead for Mr. Disco Inferno: “Trump’s America First political theater that got him elected may get his gang unseated as the contradictions and consequences of their operating philosophy are recognized and replaced. His tariff policy will accelerate US price inflation and, even more fatally, cause chaos in US and foreign financial markets. Supply chains will be disrupted, interrupting US exports of everything from aircraft to information technology. And other countries will find themselves obliged to make their economies no longer dependent on US exports or dollar credit.”

Prof. Hudson notes how Trump “thinks that the US economy is like a cosmic black hole, that is, a center of gravity able to pull all the world’s money and economic surplus to itself. That is the explicit aim of America First. That is what makes Trump’s program a declaration of economic war on the rest of the world. There is no longer a promise that the economic order sponsored by US diplomacy will make other countries prosperous. The gains from trade and foreign investment are to be sent to and concentrated in America.” The EU, in the Global North, is even more vulnerable to “America First”. Davos came and went with a mere blip on the screen, apart from the odd US banker bragging about “peak pessimism” in Europe – linked to the incoming Trump tariff tsunami – and head of the European Central Bank Christine “Look at my new Hermes scarf” Lagarde wondering it was “not pessimistic” to say that Europe is facing an “existential crisis”.

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Trump offers Ellison and Altman et al $500 billion to make AI cheaper. Sounds like a joke, but they mean it. Now Oracle and OpenAI are not focused on cheap fast AI, but on what to do with all that money. With $500 billion on the table, why do it for $50 billion, even if you could?! And where’s Elon?

• How China Became Ideal Incubator for DeepSeek, US May Struggle to Follow (Sp.)

The seemingly out-of-nowhere rise of Chinese dark horse AI language model DeepSeek has tanked US tech stocks, with President Trump calling it “a wake up call for our industries that we should be laser focused on competing to win.” A leading technology expert tells Sputnik why may be easier said than done. “In a nutshell, China’s advances in AI highlight that tech leadership is not a birthright of the West anymore,” veteran independent cybersecurity expert and digital strategy advisor Lars Hilse said, commenting on DeepSeek’s emergence overnight to trump all of America’s most advanced large language models in coding, complex problem-solving and analysis benchmarks.

Hilse says China’s large language model breakthrough was made possible by: the state’s timely 2017 Next Generation AI Development Plan, “which prioritizes AI as a critical area for economic and tech dominance,” “China’s vast population, and digitized ecosystem generating unparalleled amounts of data, which is essential for training sophisticated AI models,” a “talent pipeline” assured by China’s “heavy investment into STEM education”, allowing companies like DeepSeek to pick from a pool of candidates “without compromising cutting edge R&D and cost efficiency, prioritization of software optimization, semiconductor production and chip stockpiling amid US restrictions. Globally, Hilse said, the model’s popularity stems from its open source nature, which can’t be said about its competitors.

Ultimately, the US now faces the prospect of a “fragmented global tech order,” and China setting tech standards in emerging markets, “which in turn erode both economic as well as ideological influence,” the observer said. Accordingly, “the upcoming decade will test whether the West can sustain its innovation edge or whether the sanction-induced improvisation efforts of China will yield technological dominance.” “Rapid scaling, state-backed resource mobilization – and most importantly – the adaptive resilience under pressure created by sanctions” – these are the factors that made DeepSeek’s success possible, Hilse said.

“Now, the US clearly retains advantages in creativity and foundational research but has to (like the West in general) chronic under-investment in manufacturing and infrastructure, fragmented policy and corporate thinking as well as over-reliance on sanctions as a ‘Swiss Army knife’, which in this case, too backfired in that it put China under pressure to improvise. Whether the US will win this race will depend on whether they can unify its entrepreneurial culture with strategic industrial policy, like Trump’s ‘Stargate’ initiative, and whether China can in that time transition from a fast follower to an actual pioneer in global tech standards,” the observer summed up.

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Jordan and Egypt don’t want 1,5 million Palestinians. But they get a lot of US aid money.

Reminder: the official policy is still the two-state solution.

• Trump: Let’s Make Money In Gaza But First Dump The Palestinians (Jay)

Trump’s serendipity is the only thing geopolitical analysts can bet on as if there’s one thing we can all agree that we can predict with certainty about how he will resolve all the world’s problems, is that he will not be predictable. He relies heavily on his own instincts and vanities and sees opportunity everywhere. His unfettered support for Netanyahu’s genocide might just yet still shock his more die-hard supporters, given that he posted unflattering social media clips about the Israeli leader in December and yet is ready to throw his weight behind Israel’s bolder ambitions of wiping every Palestinian off the surface of Israel. The big plan is no longer a conspiracy theory.

As months went by and the whole world witnessed the breathtaking depravity of Israeli soldiers murdering Palestinians – at least 100,000 by even the most conservative estimates – some, like myself, were bold enough live on TV to suggest that it seemed that the big plan was to completely eradicate Palestinians from Gaza, forcing neighboring countries to take what was left. For those of us who assumed this, we hoped we were wrong. And yet in the last couple of days, Trump has let the cat out of the bag and revealed this is in fact the plan, one which he supports – explaining perhaps why Netanyahu was never interested in discussing a two-state solution or what the make-up of an administration there might look like under the leadership of Palestinian president Mahmoud Abbas.

Trump has suggested that neighboring Arab countries should take in Palestinian refugees and “clean out” the embattled Gaza. Speaking to journalists aboard Air Force One on 25th of January, Trump said he spoke to King Abdullah II of Jordan about the war and was planning to speak with Egyptian President Abdel Fattah el-Sisi the following day. “I’d like Egypt to take people, and I’d like Jordan to take people,” Trump said. “You’re talking about probably a million and a half people, we just clean out that whole thing. It’s a real mess.” What is worrying about this statement is how the idea itself, which he must have supported all along, like so many feral schemes that seem to appear from nowhere, is based on Trump being very badly briefed about the Middle East. If he listens to his advisers at all, they should have told him that neither Jordan nor Egypt would ever entertain the idea of taking huge numbers of Palestinians under any circumstances.

Any two-bit hack in the region can tell you that the current situation in neighboring countries which have taken Palestinian refugees since 1948 is very bad for both the refugees themselves and for the host countries. In Lebanon, they are kept in ‘camps’ which are off limits, normally, to Lebanese police and security forces, where the UN gives them the bare minimum to eat and where terrorism is rife – creating an internal security problem for the state which often raises its ugly head now and again. In Jordan, the King already has a difficult job keeping his country on an even keel with the high percentage of Jordanians originating from Palestine, which brings its own challenges itself politically; the last thing King Abdullah needs is more of them arriving as refugees.

In Syria too, Palestinians have settled in camps and accepted they are third class citizens although it is less clear how the new leaders of the country – who are the most extreme terrorists stemming from ISIS – will treat them, given they are broadly aligned politically with them. The Trump bombshell is revealing. One the one hand the vitriol that Trump is happy to show against Netanyahu on social media is probably a sham – he has a track record of pretending to not like certain world leaders in front of the cameras while admiring them in private; and secondly, unlike what we are lead to believe, the old doctrine that Israel controls U.S. foreign policy is still true, perhaps even more so under Trump than Biden. The plan to level Gaza and then turn to the international community and say ‘hey, look it’s uninhabitable, there’s nothing there now…it would be inhumane to put people there’ is now looking more and more like official policy.

The only real question is how weak western countries will be in supporting this plan. Will the EU just follow U.S. foreign policy blindly like it always has done in the past? It’s unimaginable that Spain and Ireland would allow this genocide to be swept under the carpet so that Israel can rebuild from the ground up a new Gaza for even more illegal settlers, while a new Suez-like canal mega project is built to compete with Egypt’s, right? Is Trump going to be part of this cash cow? Trump 2.0 appears to be even more about finding the deal, than its former term in office. Is it that Trump is listening to his advisors? But their mandate is not to advise him on what’s best for America, just what’s best for him? Show me the deal.

Read more …

 

 

 

 

Ozempic

 

 

RFK

 

 

Gain of function
https://twitter.com/i/status/1884195491287560584

 

 

Carr

 

 

Flow
https://twitter.com/i/status/1884283332814602434

 

 

Herding
https://twitter.com/i/status/1884013749364752576

 

 

Sleep

 

 

Support the Automatic Earth in wartime with Paypal, Bitcoin and Patreon.

 

 

 

 

 

Debt Rattle December 18 2023

Dec 182023
 
 December 18, 2023  Posted by at 9:30 am Finance Tagged with: , , , , , , , , , ,  50 Responses »


Edward Hopper Morning sun 1952

 

• The Death of Israel (Chris Hedges)
• Pentagon Mulls Strikes Against Houthis Amid Red Sea Chaos (Sp.)
• ‘Lower-Intensity Phase’ Of Gaza War Must Begin Within Weeks – US (Cradle)
• Russia Wants To Improve Ties With NATO, Not Fight – Putin (RT)
• Russia Is No Threat To NATO – Hungary FM (RT)
• I Was Naive About The West – Putin (RT)
• German Customs Threatens To Seize Russian Christmas Gifts (RT)
• Fico Exposes Dark Reality of Western Plan for Kiev (Sp.)
• EU Policies Threaten ‘Destruction’ – Fico (RT)
• US Entering 2024 With Tiniest Military Since 1941 (Sp.)
• Last of the Caucasians (Jeffries)
• ‘No One Off the Table’ for Deportation If Trump Re-Elected – Ex-ICE Chief (Sp.)
• The Time to Replace Kamala Harris Is Now (Saperstein)
• Eric Swalwell and The Politics of Contempt (Turley)
• Musk’s Starlink Breaks Through Bureaucracy and Corruption in Africa (ET)

 

 

 

 

Priest

 

 


Free Palestine.

 

 


In Belgium, the green traffic lights become #Free_Gaza while the red lights say #Stop_Israel

 

 


Israel killed 92 journalists so far

 

 

Dore/Tucker

 

 

Larry Johnson

 

 

Nap Scott Ritter Resolution 377

 

 

 

 

Libya

 

 

Vivek AI
https://twitter.com/i/status/1736453257587822834

 

 

Klausi
https://twitter.com/i/status/1736082193816916472

 

 

 

 

“The vaunted fight against anti-Semitism is a thinly disguised celebration of White Power..”

• The Death of Israel (Chris Hedges)

Israel will appear triumphant after it finishes its genocidal campaign in Gaza and the West Bank. Backed by the United States, it will achieve its demented goal. Its murderous rampages and genocidal violence will exterminate or ethnically cleanse Palestinians. Its dream of a state exclusively for Jews, with any Palestinians who remain stripped of basic rights, will be realized. It will revel in its blood-soaked victory. It will celebrate its war criminals. Its genocide will be erased from public consciousness and tossed into Israel’s huge black hole of historical amnesia. Those with a conscience in Israel will be silenced and persecuted. But by the time Israel achieves its decimation of Gaza — Israel is talking about months of warfare — it will have signed its own death sentence.

Its facade of civility, its supposed vaunted respect for the rule of law and democracy, its mythical story of the courageous Israeli military and miraculous birth of the Jewish nation, will lie in ash heaps. Israel’s social capital will be spent. It will be revealed as an ugly, repressive, hate-filled apartheid regime, alienating younger generations of American Jews. Its patron, the United States, as new generations come into power, will distance itself from Israel the way it is distancing itself from Ukraine. Its popular support, already eroded in the U.S., will come from America’s Christianized fascists who see Israel’s domination of ancient Biblical land as a harbinger of the Second Coming and in its subjugation of Arabs a kindred racism and white supremacy.

Palestinian blood and suffering — 10 times the number of children have been killed in Gaza as in two years of war in Ukraine — will pave the road to Israel’s oblivion. The tens, perhaps hundreds, of thousands of ghosts will have their revenge. Israel will become synonymous with its victims the way Turks are synonymous with the Armenians, Germans are with the Namibians and later the Jews, and Serbs are with the Bosniaks. Israel’s cultural, artistic, journalistic and intellectual life will be exterminated. Israel will be a stagnant nation where the religious fanatics, bigots and Jewish extremists who have seized power will dominate public discourse. It will find its allies among other despotic regimes. Israel’s repugnant racial and religious supremacy will be its defining attribute, which is why the most retrograde white supremists in the U.S. and Europe, including philo-semites such as John Hagee, Paul Gosar and Marjorie Taylor Greene, fervently back Israel. The vaunted fight against anti-Semitism is a thinly disguised celebration of White Power.

Despotisms can exist long after their past due date. But they are terminal. You don’t have to be a Biblical scholar to see that Israel’s lust for rivers of blood is antithetical to the core values of Judaism. The cynical weaponization of the Holocaust, including branding Palestinians as Nazis, has little efficacy when you carry out a live streamed genocide against 2.3 million people trapped in a concentration camp. Nations need more than force to survive. They need a mystique. This mystique provides purpose, civility and even nobility to inspire citizens to sacrifice for the nation. The mystique offers hope for the future. It provides meaning. It provides national identity. When mystiques implode, when they are exposed as lies, a central foundation of state power collapses.

Read more …

Houthis means Iran. Really, US?

• Pentagon Mulls Strikes Against Houthis Amid Red Sea Chaos (Sp.)

At least four major global shipping companies have suspended operations through the Red Sea in the past 72 hours, citing the threat of attacks by Yemen’s Houthi militiamen. The Houthis began their campaign of ship hijackings, missile and drone attacks in response to Israel’s military operation in Gaza, and Western powers’ support for Tel Aviv. The United States military is considering strikes against Houthi targets in Yemen. That’s according to a report by a US news outlet citing Biden administration officials. The anonymous officials indicated that they have been growing “increasingly concerned” by the Houthis purported efforts to “undermine global trade,” “both to undercut trade to Israel and raise the costs to the US and its allies” for supporting the IDF’s Gaza rampage. Officials further said that Washington is holding back, for now, out of “fears of potentially fueling a broader war against Iran and its proxies,” citing (unsubstantiated) claims that the Yemeni militia group is one such proxy.

A Pentagon spokesman stated publicly this week that the DoD “will not hesitate to take action” where “necessary and appropriate, including to protect against actions in the maritime domain that could threaten our troops,” but this has yet to include attacks on Houthi forces. US and British warships operating in the Red Sea targeted over a dozen suspected Houthi drones over the body of water on Saturday alone. Four major shipping companies, including Danish giant Maersk, Germany’s Hapag-Lloyd, Swiss-headquartered Mediterranean Shipping Company (MCS) and France’s CMA CGM halted operations through the Red Sea Friday and Saturday, citing the Houthi threat. With their proximity to the Bab-el-Mandeb Strait (lit. ‘Gate of Tears’) linking the Gulf of Aden to the Red Sea, the Houthis have the ability to restrict access to a key global strategic bottleneck accounting for up to 10 percent of the world’s oil trade, and up to 20 percent of global shipping.

The Strait, which along with Egypt’s Suez Canal serves as a key gateway for maritime trade between Europe and Asia, threatens to turn into a genuine Gate of Tears for companies, businessmen and consumers worldwide amid the Houthis’ missile, drone and hijacking campaign. Oman stepped in to mediate talks between the Yemeni militia group and “international parties” over the weekend to try to put a halt to its Red Sea attacks.Houthi representative Mohammed Abdul-Salam confirmed that the Oman-mediated talks were taking place, but reiterated that the militia’s position was that “we cannot stand idly by in the face of attacks on the Gaza Strip, the crippling siege, and the complete ban on the entry of foodstuffs, medicine and even drinking water into the territory.” The Houthis’ stance on the Palestinian issue was “non-negotiable,” the spokesman said.

Read more …

Yeah, just carry on.

• ‘Lower-Intensity Phase’ Of Gaza War Must Begin Within Weeks – US (Cradle)

During a meeting with Benjamin Netanyahu and members of the Israeli war cabinet on 14 December, US National Security Adviser Jake Sullivan renewed Washington’s call that the “lower-intensity phase” of Israel’s assault on Gaza must begin within weeks. Israel has to “transition to the next lower intensity phase in a matter of weeks, not months,” Sullivan said, according to two US and Israeli officials who spoke with Axios. “[This is not] a deadline, and we understand the campaign must and will continue, but in a lower intensity manner,” the US official said. “Sullivan pressed Netanyahu and the members of the war cabinet on the timetable and details on planning for when the low-intensity phase of the war is going to start and what it will look like,” the White House official added.

An Israeli official said there was “no pressure” from Sullivan but instead “concern” over civilian casualties and the displacement of Palestinians. During the meeting, Sullivan also told Netanyahu and the war cabinet that the US “wants to move toward talking more seriously about what happens after the war, stressing that it will make it easier for the US to maintain support for the military operation.” The US recently said Israel has been more open to discussions about what post-war Gaza will look like. However, Netanyahu remains staunchly opposed to a US-proposed plan that would see the Palestinian Authority (PA) assume control over the enclave after the war.

During his visit to Israel, Sullivan also met with the Mossad chief, David Barnea. According to a report by Hebrew outlet Channel 12, the two discussed possibilities for a new prisoner-exchange deal between Hamas and Israel. “The American administration is currently discussing several initiatives with the two parties, Hamas and Israel, to renew the agreement to release hostages and prisoners between them,” Channel 12 said. The talks come just days after Saudi media reported that a European capital is hosting secret negotiations between Israeli and Qatari delegations for a new prisoner exchange deal.

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“We had the most open-hearted, cordial relations… We had no problems, but now are going to, because we are going to create the Leningrad military district and deploy certain military units there. Why did they need that?”

• Russia Wants To Improve Ties With NATO, Not Fight – Putin (RT)

Russia does not have the slightest reason to attack NATO, President Vladimir Putin has said, adding that the US-led military bloc is well aware that Moscow has no plans to do so. In an interview with Russian journalist Pavel Zarubin aired on Sunday, Putin was asked to comment on remarks by US President Joe Biden, who said earlier this month that Moscow might attack the alliance if it prevails in the Ukraine conflict. The Russian leader dismissed his American counterpart’s speculation as “nonsense.” “I think that President Biden understands that this is just a figure of speech to justify his misguided Russian policy,” he said, explaining that he does not believe Moscow’s “strategic defeat” would be in the interests of the US. Putin went on to say that the president of the United States – which he called the “master” of NATO – surely knows that “Russia has no interest… geopolitically, economically or militarily… in waging war against NATO.”

Moscow, he added, has no claims on the territory of the bloc’s member states and only seeks to improve ties with them. However, the West’s political course is making this increasingly difficult, Putin noted, citing the example of Finland, which applied to join NATO after the start of the Ukraine conflict and became a full-fledged member in April. Russia has no disputes with its Nordic neighbor, Putin said, noting that the last territorial claims were settled after the end of WWII. “We had the most open-hearted, cordial relations… We had no problems, but now are going to, because we are going to create the Leningrad military district and deploy certain military units there. Why did they need that?” The president added that Russia has no quarrel with other NATO states either. “It is they who are artificially creating problems with us because they don’t want Russia as a rival.”

Russian officials have repeatedly described relations between Moscow and Washington as being at an all-time low, blaming the situation on the US’ support for Ukraine, as well as the country’s stance on arms control. Earlier this month, former Russian President Dmitry Medvedev said the two powers are balancing on the brink of a hot war, with the last similar stand-off dating back to the Cuban Missile Crisis in the 1960s.

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“I don’t think that Russia would attack any NATO member state..”

• Russia Is No Threat To NATO – Hungary FM (RT)

Russia poses no immediate threat to NATO, including to those members of the bloc located close to its borders, because any attack would trigger an overwhelming response, Hungarian Foreign Minister Peter Szijjarto has suggested. Speaking in an interview with French broadcaster LCI, part of which was uploaded on Szijjarto’s Facebook page on Sunday, the minister was asked to comment on the warning of EU Commission President Ursula von der Leyen, who suggested that after the end of the Ukraine conflict, Russia would threaten NATO countries. “I don’t think that Russia would attack any NATO member state,” he replied, explaining that most EU members are also part of the alliance. According to Szijjarto, the US-led military bloc is “the strongest security and defense alliance in the world.”

He cited Article 5 of the bloc’s treaty, which stipulates that if any NATO nation comes under attack, it will be interpreted as an attack all members. “I don’t think that anyone, not only Russia, would risk any attack against any NATO member state,” he stressed. When pressed on why the Baltic states and Poland disagree, the minister explained that some countries have “different histories and different geographic locations.” “I don’t know what would be my position if I was in the geographic location of the Baltics [or Poland],” he said, noting that Hungary has always respected their position and never tried to challenge it. “This kind of respect should be given to every position of every member state. My problem is that this respect is very rarely given to the Hungarian position. This is unfair and weakens the European Union,” he added.

Szijjarto’s remarks come on the heels of comments by Russian President Vladimir Putin, who has said that his country does not have any intention of attacking NATO. Putin told Russian journalist Pavel Zarubin in an interview aired on Sunday, that the US-led bloc itself is well aware that the Kremlin harbors no such plans. “Russia has no interest… geopolitically, economically or militarily… in waging war against NATO,” Putin stated, dismissing the recent claims by US President Joe Biden that Moscow might attack if it wins the Ukraine conflict as “nonsense.” “I think that President Biden understands that this is just a figure of speech to justify his misguided Russian policy,” the Russian President suggested.

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“After the collapse of the Soviet Union they thought they just had to wait a little longer, and then they would break Russia apart as well.”

• I Was Naive About The West – Putin (RT)

The West was determined to break Russia apart after the collapse of the Soviet Union, believing that multiple states based on the country’s ruins would be too weak to resist outside influence, President Vladimir Putin has said. In an interview with Russian journalist Pavel Zarubin aired on Sunday, Putin admitted that he was a “naive” leader early in his political career even though he had a solid background in Soviet intelligence. The Russian president said that he had believed that the West understood that Russia had become a completely different country after the collapse of the Soviet Union, and that there were no further ideological differences warranting a serious stand-off. According to Putin, even when he saw Western efforts to support terrorism and separatism in Russia two decades ago, he thought that it was the “inertia of thinking” that was to blame.

“They had just got used to fighting the Soviet Union,” he believed. In reality, however, the West was deliberately trying to undercut Russia, the president said. “After the collapse of the Soviet Union they thought they just had to wait a little longer, and then they would break Russia apart as well.” According to Putin, the West saw no need for the existence of the world’s largest country, with its large population. “It would be better, as suggested by… [former US National Security Advisor Zbigniew] Brzezinski, to divide it into five parts, and subjugate them one by one.” This alleged Western plan, he explained, hinged on the premise that several smaller states “would have no weight or voice of their own, and would have no chance to defend their national interests in the way that the united Russian state has.”

The Russian leader was apparently referring to a 1997 article penned by Brzezinski, an ardent supporter of Soviet containment who died in 2017, which suggested at the time that Moscow should abandon “a futile effort to regain its status as a global power.” The former White House adviser also opined that “a loosely confederated Russia, composed of a European Russia, a Siberian Republic, and a Far Eastern Republic” would have an easier time fostering economic relations with its neighbors. Putin has repeatedly said that the West was planning to split Russia into several states, warning that the Russian people could cease to exist if this happens, and naming its continued unity as the key condition for the country’s success.

Shaman
https://twitter.com/i/status/1736083270205378605

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“..even such innocent items such as books, toys and perfume sent from Russia will likely not make it to their German recipients..”

• German Customs Threatens To Seize Russian Christmas Gifts (RT)

Germany may confiscate gift parcels sent from Russia ahead of this year’s festive season, the country’s Federal Customs Service announced in statement on its website this week. According to the statement, gift parcels are regulated by the same sanctions legislation as any imports, as they may contain sanctioned goods such as paper, pulp, precious stones and metals, cigarettes, chemical and plastic products, cosmetics, etc. “There is no exception to the prohibitions covered by an Annex XXI to the Sanctions Regulation for gift consignments sent from a private individual in Russia to another private individual in the customs territory of the European Union,” the statement read, signaling that even such innocent items such as books, toys and perfume sent from Russia will likely not make it to their German recipients.

Gifts are not the first personal items belonging to Russians that have not been allowed in Germany. Previously, the country’s customs officials warned that any personal belongings of Russians falling under sanctions could be confiscated at the border, including smartphones, laptops, suitcases, portables, clothing and even toiletries. Cars have also been subject to the embargo: there have been several incidents this year when German customs officers seized cars bearing a Russian license plate, which travelers brought across the German border. Several other EU member states have also been confiscating Russians’ personal items at border crossings. Most began doing so after the European Commission issued a sanctions clarification in September that condoned such measures.

Last month, the European Parliament urged EU nations to stop the practice and called on the executive body to “review its interpretation of sanctions leading to the seizure and confiscation of items and vehicles for personal use only.” In a joint motion, lawmakers warned that “such over compliance discredits the goal and instrument of sanctions.” However, the recommendation was not legally binding and has not yet been taken up by the European Commission. Moscow has repeatedly slammed the practice of taking away the belongings of ordinary Russians as illegal, with Foreign Ministry spokeswoman Maria Zakharova calling it outright “racist.”

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“When major EU members calculate the hundreds of billions of euros that Ukraine’s EU membership would cost, the decision made in Brussels will remain a political gesture for many years..”

• Fico Exposes Dark Reality of Western Plan for Kiev (Sp.)

Ukraine and its citizens have simply become a bargaining chip in the geopolitical squabble, says Slovak Prime Minister Robert Fico. “In fact, most of the member states of the European Union are obsessed with Ukraine and hatred towards Russia, which leads to peculiar views that are undoubtedly propagated in the European media — that the war in Ukraine should continue to weaken Russia,” Fico said in his video address published on social media. The Slovak leader said that obsession was linked to unfounded scaremongering claims that Russia might attack a NATO member “In reality, Ukraine is only being used for geopolitical purposes to weaken Russia both economically and internationally,” Fico added. The Slovak prime minister also viewed Ukraine’s possible accession to the EU as nothing more than a political gesture to cover up inconvenient realities on the battlefield.

He emphasized that it will take years before Ukraine can realistically join the EU as the country is not ready both in terms of democratic functioning and the fight against corruption — putting the European Union in a hopeless situation. “When major EU members calculate the hundreds of billions of euros that Ukraine’s EU membership would cost, the decision made in Brussels will remain a political gesture for many years,” Fico added. He believes that Ukraine is simply a ‘golden goose’ for Western companies involved in the arms trade — regardless of the human cost. “I fear that, in the name of these geopolitical goals, the West will continue to fight with Russia until the last Ukrainian soldier, and we are not far from that,” Fico said. On Sunday, Russian President Vladimir Putin dismissed as “complete nonsense” recent comments by US President Joe Biden about a possible Russian attack on NATO.

Putin stressed that Russia has no interest in waging war against NATO countries, saying there was no political, economic or military reasons to do so. Moscow has previously argued that Kiev intends to continue fighting “to the last Ukrainian” in the interests of Western powers. Russia earlier warned NATO countries against further arms shipments to Ukraine. Russian Foreign Minister Sergey Lavrov said any cargo containing weapons for Ukraine would be a legitimate target for Russia. The Russian Foreign Ministry has previously accused NATO countries of “playing with fire” by supplying weapons to Ukraine. Kremlin spokesman Dmitry Peskov stated that arming Ukraine with Western weapons would not contribute to the success of Russian-Ukrainian negotiations and would only have a negative impact. Lavrov charged that the US and NATO are directly involved in the conflict in Ukraine, “not only through arms supplies, but also by training personnel… on the territory of the United Kingdom, Germany, Italy and other countries.”

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“if our exclusion from the international party is to be a price for pursuing a genuine left-wing agenda in Slovakia and voicing sovereign opinions, we are prepared to pay such a price.”

• EU Policies Threaten ‘Destruction’ – Fico (RT)

The EU’s backing of Ukraine, sanctions on Russia, and “fanatic” environmental policies are “destructive for Europe,” yet Brussels does not tolerate discussion of these issues, Slovak Prime Minister Robert Fico said on Saturday. “If we can’t tell the truth at the Brussels table that, for example, anti-Russian sanctions didn’t work, that further destruction of Ukraine and killing Ukrainians is going nowhere, that the fanatic implementation of the Green Deal is killing our economies, that 20 thousand casualties in the Gaza Strip cannot be overlooked just because Israel causes them, we are on a slippery slope that can be not only politically, but also economically destructive for Europe,” Fico wrote in a post on Facebook. The Slovak PM has cut off his own country’s military aid to Kiev and vowed to block Brussels’ next sanctions package if it includes an embargo on Russian nuclear fuel.

While Fico did not veto the European Council’s decision on Thursday to open accession talks with Ukraine, he has dismissed the vote as “a political decision that has nothing to do with reality,” and asserted that Kiev “is absolutely unprepared to open the negotiations.” Fico’s position on Ukraine’s membership bid is at odds with that of most EU leaders, who hailed Thursday’s decision as “a breakthrough” and “a clear signal of support” for Kiev, in the words of Irish Prime Minister Leo Varadkar and German Chancellor Olaf Scholz. Apart from Fico, Hungarian Prime Minister Viktor Orban has been the EU’s staunchest critic of the bloc’s sanctions policy and its push to admit Ukraine. Orban has referred to Ukraine as “one of the most corrupt countries in the world,” and called the bloc’s leaders “senseless and irrational” for opening membership talks with a country involved in an active conflict, with an economy entirely dependent on foreign aid to function.

Before the conflict in Ukraine began, Orban regularly clashed with the EU over his hardline immigration policies. Earlier this year he accused Brussels of “raping” Hungary and Poland by introducing legislation that he said would “relocate migrants to Hungary by force.” “I respect every politician who can sovereignly stand up for the interests of his own nation, because today in Europe discussion is more of an exception than a rule,” Fico wrote on Facebook. “And Viktor Orban is the exception.” The Slovak leader said that he would take a similar approach when negotiating with the bloc’s officials, and would not seek to “collect personal praise from the West.” Fico’s position on the fighting in Ukraine was a key factor behind his party’s suspension from its European parliamentary faction, the Party of European Socialists, in October. Responding to the suspension, Fico declared that “if our exclusion from the international party is to be a price for pursuing a genuine left-wing agenda in Slovakia and voicing sovereign opinions, we are prepared to pay such a price.”

Read more …

Just blame TikTok.

• US Entering 2024 With Tiniest Military Since 1941 (Sp.)

The United States will ring in the new year with its smallest active duty footprint since 1941 – the year Washington abandoned its non-interventionist foreign policy and joined the Second World War. That’s according to military strength levels outlined by the NDAA, which showed a drop in active duty personnel to 1,284,500 service members, from 1.39 million in the previous year, as recruiters face growing difficulty enticing young people to join. Observers blame a variety of factors for falling recruitment numbers, from declining confidence in the US military (from 70 percent in 2018 to about 46 percent now), to growing incidence of health problems among young people, to concerns among conservatives about the military’s increasingly “woke” culture, to falling morale in the wake of decades of illegal wars abroad.

DoD acting undersecretary for personnel and readiness Ashish Vazirani told lawmakers this week that the military had recruited about 41,000 troops less than planned over the course of 2023. “That number understates [sic] the challenge before us as the services lowered end-strength goals in recent years, in part because of the difficult recruiting environment,” Vazirani said. Citing “low trust in institutions” being a key problem among young people – specifically people from Generation Z born between 1997 and 2012, Vazirani stressed that America’s all-volunteer armed forces are presently facing “one of the greatest challenges since inception” in 1973 and the end of the draft. Some officials have proposed novel solutions for resolving the drought in recruits, with Democratic Senator Dick Durban telling his Senate colleagues earlier this month that illegal immigrants flooding into the country could be conscripted to fight in the wars Americans don’t want to.

“Yes, we need order at the border. Yes, we need to have changes in the laws that reflect the reality of the overwhelming numbers from all over the world who are coming to our shores and our border. But there’s also an incredible demand for legal immigration into this country even now. The presiding officer, my colleague from the state of Illinois has legislation which addresses one aspect of that. Her bill…says that if you are an undocumented person in this country, and you can pass the physical and the required background tests, you can serve in our military and if you do it honorably, we will make you citizens of the United States,” Durban said on the Senate floor during a debate on immigration and border security. “Do we need that? Do you know what the recruiting numbers are in the Army, and the Navy, and the Air Force?” Durban asked. “They can’t reach their quotas each month. They can’t find enough people to join our military forces, and there are those who are undocumented who want the chance to serve and risk their lives for this country. Should we give them the chance? I think we should.”

Read more …

“Nonwhites, especially Hispanics, just as often consider pregnancy great news. They think of the baby as a blessing. The ultimate blessing.”

• Last of the Caucasians (Jeffries)

How does a “Great Replacement” work exactly? Well, it would be impossible without the cooperation of those who are being replaced. White females, especially, were conditioned into thinking that motherhood, particularly when combined with household drudgery, was something to be avoided. The tremendous increase in casual sex, and the availability of abortions. The channeling of the maternal instinct towards animals. Feminism created the “career woman” whose job, not family, was her top priority. Males enjoyed being the first generation to have the opportunity to have multiple sex partners. I knew very few males from my generation who didn’t pay for at least one, if not more abortions. With great relief. At the same time, the White nuclear family was belittled and demonized in films and on television. Actors playing adult children were shown as being ostracized from their parents, and dreading the occasional interaction with them.

We went from Ward Cleaver to Al Bundy in a very short period of time. Dysfunction was the norm in these productions, and it should be no surprise that those raised on this propaganda began living it out in real life. Life imitates art. Literally every family I know now is riddled with dysfunction. If you lose respect for the nuclear family, there is little reason for you to want children, which are the foundation of the family unit. I fell prey to this a bit myself. I love children, and ideally wanted a huge family. But I limited myself to the then “new norm” of two kids. As a White boomer, I’d been conditioned to think “responsibly.” Children cost a lot. Can we really afford them? How many White couples have not asked themselves this question? When a White woman becomes pregnant by a White man, it’s often considered bad news, especially if they aren’t married. They mull over the options, and often choose abortion.

Nonwhites, especially Hispanics, just as often consider pregnancy great news. They think of the baby as a blessing. The ultimate blessing. Their religious faith, which is usually Catholic, is stronger than mass media messaging. My very large family is full of middle-aged White females with no children. I’ve heard any number of White relatives proclaim that they didn’t want children. Remember, almost all of them were raised Catholics, where huge families were common. I don’t understand this mindset, but my libertarian impulse is to say, fine- that’s your decision. But the problem is this decision didn’t happen naturally, at least in the vast majority of cases. They were brainwashed, propagandized, into thinking this way. It’s an unnatural way to think. And no other race thinks this way. Of course, because so many Whites accepted the programming, White birth rates began to plummet. Which was the foundation for the Great Replacement.

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“..the cartels are “making more money than they have in their entire existence..”

• ‘No One Off the Table’ for Deportation If Trump Re-Elected – Ex-ICE Chief (Sp.)

Former acting Immigration and Customs Enforcement (ICE) Director Tom Homan has lambasted the Biden administration’s border policies for generating the ongoing migrant crisis. Homan led ICE during the Trump administration between 2017 and 2018. He speculated in a US media interview that if the ex-President were to return after the 2024 elections for another stint at the White House, he could help launch a “historic” deportation program. No illegal immigrant would be “off the table,” Homan stressed. Homan quoted official data showing that under the Biden administration, deportations had dropped from a high of 267,258 in 2019 to 72,177 in 2022. According to the former agency chief, the Biden administrations border polices have in effect “enriched and emboldened” the people-trafficking cartels. The ex-ICE chief weighed in on the recent news that US Customs and Border Patrol (CBP) had issued a memo last week warning agents to “exercise extreme caution and should report any possible armed subjects approaching the border with possible explosive devices”.

The internal officer safety alert followed discovery of improvised explosive devices (IEDs) by agents stationed at a Tucson border post. 10 more IEDs were seized by the Mexican military after a gunfight between rival cartels close to a border fence gap, over control of the area increasingly being used for weapons, drugs and people smuggling. Cartels in Mexico have been using IEDs since 2010 against both rival groups and the Mexican military, Homan noted. He lamented that the cartels are “making more money than they have in their entire existence,” smuggling illegal immigrants and drugs. The gangs are well-trained, possess sophisticated weaponry and “meet all the definitions of terrorist organizations,” he warned, adding that “US special intelligence and special ops are the only means of taking them out.” “We have to take action, this is a serious threat to the security of the United States,” Homan said.

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No, let her run against Trump. Much more fun.

• The Time to Replace Kamala Harris Is Now (Saperstein)

2024 is going to consist of an attack on Biden for being too old and frail, combined with an attack on his VP, who would become president if Biden died. The attack on Biden will be simple: endless, repeated videos of him slurring words, misstating facts, stumbling, looking lost, forgetting names — all the classic signs of dementia. The Republicans ignored Kamala in 2020, but they won’t in 2024 because of Biden’s age. They will be shouting from the rooftops, “Hey, people, this person could become your President!” Remember that the person we are talking about entered the 2020 primaries polling 18% and, after four debates, fell to 6% and dropped out. I can’t remember any presidential aspirant falling so far, so fast, so there should be no argument Kamala is a truly terrible candidate. But there is more, much more.

My career was as a trial lawyer in the SF Bay Area. The mayor and later Speaker of the California Assembly, Willie Brown, was a personal friend and political supporter of trial lawyers. I loved Willie. He was smart, politically gifted — he supported everything I ever asked him for — and funny. Willie defined the word “dapper.” We’d go shopping at the same store, Wilkes Bashford, where he was the King. He would always tell the staff, “Now, you take care of my white buddy Guy. Whites are not blessed with my good taste, so help the poor boy.” Willie had more charm than ten white boys. Willie was married and estranged from his wife. It was well-known he had a young — 30 years younger — black girlfriend. He didn’t even try to hide it. The girlfriend was Kamala Harris, then a nondescript assistant city attorney.

Next thing I knew, Kamala was running for District Attorney, supported by Willie’s powerful political machine against the then DA, Terence Hallinan, a progressive. Willie’s machine won and Kamala became San Francisco DA. Next next thing I knew, assistant San Francisco DAs were calling me and asking, “Where is Kamala?” They knew I was a friend of Willie’s. Apparently, she wasn’t showing up for work. A few months later, I read that Kamala had been read the riot act by a solid Democratic judge for not maintaining good chain of custody for evidence. “Chain of custody” is a legal term which means that the evidence you submit to the court is that same uncontaminated evidence you seized at the crime scene. Before I became a civil rights class action lawyer, I did 50 criminal jury trials, and chain of custody was never an issue because the DA would do his/her job competently and insure that the correct evidence was presented to the court. But that was before Kamala’s laziness set new standards.

Kamala was hauled before three liberal judges who were outraged by her sloppiness. In response, Kamala lied under oath to all of them, trying to blame it on the police department crime lab, but that was total bullshit. When an attorney presents evidence to a court, she or he vouches for it. Kamala should have been disbarred as a result, but San Francisco is a liberal “old boys” network, and liberals protect even lying, unethical DAs. When the dust cleared, 1,100 FELONIES had to be dismissed — and by Democratic judges. In the history of American jurisprudence, I don’t think this has ever happened. Just think of what it means to have 1,100 felonies dismissed for defective chain-of-custody. Harris was willing to allow 1,100 people to go to prison for years because she wouldn’t admit her errors.

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“..the House wants it this way. Witnesses, even a president’s son, do not get to choose how or when they appear..”

• Eric Swalwell and The Politics of Contempt (Turley)

This week, millions of people were glued to their televisions as Hunter Biden defied a House subpoena in a press conference with the Capitol building in the background. It was an act of legal self-immolation as the president’s son engaged in flagrant contempt of Congress, a federal crime. Stranger still was that behind Hunter was standing his lawyer, Abbe Lowell, who watched as his client effectively begged to be criminally charged. But it was a familiar figure behind Lowell that was the most incongruous: Rep. Eric Swalwell (D-Calif.). At first, one had to wonder whether Swalwell had simply wandered by the presser on the way to his office. But the Biden team set up the conference on the Senate side — out of the reach of the House sergeant at arms, who might not have reacted well to an act of open contempt of Congress on his side of the Capitol. We later learned that Swalwell was not there simply as a pedestrian, but as a participant.

It was Swalwell who helped orchestrate the defiance of his own House and facilitated an alleged federal crime. As first reported by the Washington Examiner, Swalwell used his official position to reserve the space for the press conference and lent his assistance to Hunter in refusing to appear before the House committees investigating his father, President Biden. It was a curious role for a former House impeachment manager to play in assisting in the obstruction of an impeachment inquiry of three House committees. Of course, Swalwell has argued for the rounding up of anyone who aided and abetted the unlawful conduct during the Capitol riot on Jan. 6, 2021. Indeed, in 2021 Swalwell sponsored a resolution exploring whether dozens of Republican colleagues could be expelled under the 14th Amendment for aiding and abetting an insurrection by “making unsubstantiated claims of systematic election and voter fraud.”

Now, Swalwell was standing in front of the same building aiding and abetting both a potential crime and the obstruction of congressional proceedings. Hunter was not just committing contempt of Congress; he was parading his contempt with Swalwell as the drum major. What followed him was contempt on steroids. All Hunter had to do was walk into the building behind him to appear in the deposition and plead the 5th Amendment to refuse to testify, as others have done. The only option he did not have was to refuse to appear. Swalwell insisted that it was the fault of the House for insisting on a closed-door deposition, which he portrayed as outrageous. It was another hypocritical moment since the Democrats insisted on the same process for witnesses, including those who appeared before the Jan. 6th committee.

It was also how Swalwell and his colleagues handled the investigation of the Ukrainian telephone call by Trump. Indeed, Swalwell participated in closed depositions and then gave interviews after they were held in private. There are various reasons for closed deposition preceding public hearings. First, these depositions allow professional staff to conduct questioning in a methodical and professional manner. In a public hearing, questioning is conducted by members who are often ill-equipped for substantive inquiries. Second, Hunter must be asked about an array of financial documents and communications involving names and privacy protected information. In a public hearing, the use of such documents would trigger redactions and interruptions in their use. Third, these depositions allow for in-depth questioning on transactions and communications. In a public hearing, members are confined to a five-minute rule that guarantees questioning cannot achieve much, if any, depth.

Both Hunter and Swalwell likely knew that, and that is precisely why they wanted a public hearing. Notably, after saying that he wanted to answer all questions in public, Hunter then refused to answer any questions in public put forward by the press. The fourth and most important reason for the deposition is that the House wants it this way. Witnesses, even a president’s son, do not get to choose how or when they appear. Two Trump associates – Steven Bannon and Peter Navarro – refused to appear in the House and were quickly held in contempt by a majority of the House, including Swalwell. Indeed, President Biden himself has maintained that defying subpoenas cannot be tolerated. When subpoenas were issued to Republicans during the House’s Jan. 6 investigation, Biden declared: “I hope that the committee goes after them and holds them accountable criminally.”

[..] The issue is whether the House has a right to demand answers in this investigation. One member was particularly passionate in 2018 in calling for contempt sanctions against Steve Bannon: “If they don’t force him to answer legitimate questions, they will be ceding Congress’ authority, and we’ll be setting a very, very dangerous precedent that people can just tell Congress what they will and will not answer, and will show no resolve to use our subpoena power to get to the bottom of what’s going on.” That was Eric Swalwell.

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Nice project.

• Musk’s Starlink Breaks Through Bureaucracy and Corruption in Africa (ET)

Elon Musk’s revolutionary satellite internet service, Starlink, is spreading across Africa, flying in the face of repressive and corrupt regimes that are trying to block it. In some cases, African companies are “illegally” importing and selling the equipment to allow users to bypass expensive and often state-controlled internet service providers (ISPs), and to use the cheaper and faster connectivity provided by the world’s richest man. Many Africans living in countries where authorities haven’t yet granted regulatory licenses to Starlink, which is a division of SpaceX, are also accessing its services using signal-boosting equipment. The signal boosters enable users to link to a SpaceX “ground station” in Nigeria, which in January became the first African country to grant regulatory approval to Starlink services. “The tech revolution is happening at a pace that most African governments just cannot keep up with,” said Arthur Goldstuck, founder and CEO of World Wide Worx, one of Africa’s leading tech firms.

“The genie is out the bottle. The sooner they realize that they can’t control the uncontrollable, the better for them and the better for their people,” he said. Mr. Goldstuck said Africa is the world’s fastest-growing, but most “technologically-starved,” continent. “Data is expensive in Africa, and you can’t progress in the modern world when data is expensive. So demand for well-priced and speedy connectivity has exploded. Musk is feeding this demand,” he told The Epoch Times. “Some governments don’t like this, because they want to control everything, and mostly they want to control money and information flows.” Starlink, operated by Mr. Musk’s SpaceX spacecraft manufacturer and satellite operator, has a constellation of thousands of satellites in low orbit, delivering the world’s “most advanced broadband internet system” to 60 countries, according to its website.

Mr. Goldstuck said “progressive” African governments that encourage private enterprise and respect its ability to help develop their countries have “no problem” with Starlink and recognize its value. “It offers high-speed streaming, video calls, and remote working, all of which contribute a lot to economic efficiency,” he said. Officially, Starlink is available in only seven of Africa’s 54 countries: Benin, Kenya, Malawi, Mozambique, Nigeria, Rwanda, and Zambia. Another 25 are scheduled to go online in 2024. “Look at where [the] powers-that-be are trying to prevent the entrance of Starlink: It’s war-torn countries like Sudan, Libya, and Somalia. It’s repressive regimes like Congo and Equatorial Guinea, that restrict access to information,” Mr. Goldstuck said. “And it’s governments that have vested interests in keeping data expensive, and that have unreasonable rules designed to benefit political elites, like South Africa.”

Some African governments slap heavy taxes on private telecom services and infrastructure. For decades, the data needed to access the internet in Africa has been controlled by just a few multinational mobile telecommunications corporations, including South Africa’s MTN Group and Vodacom, and Kenya’s Safaricom. Their data packages are prohibitively expensive. In July 2022, research by British technology company Cable, published in Mobile Magazine, showed that six of the 10 countries with the most expensive data are in sub-Saharan Africa.In the tiny, mineral-rich kleptocracy of Equatorial Guinea in Central Africa, one gigabyte (GB) costs almost $50, the highest price for data in the world. In Chad, 1 GB costs $24. Until Starlink’s recent arrival, 1 GB was priced at $26 in Malawi.

An August 2022 report by global statistics service Statista calculated the average cost of 1 GB of mobile data in sub-Saharan Africa at $4.47. A one-time hardware and installation cost of Starlink kits, which contain a motorized satellite dish, assorted cables, a metal tripod stand, a power adapter, and a Wi-Fi router, is about the same everywhere: $550. But basic monthly subscription prices in the developed world, compared with those in Africa, are very different. In the United States, for example, Starlink’s monthly service fee is $110. In the African countries that officially have Starlink, the average price is about $45. This $45 package allows users to download 1,000 GB of data, meaning 1GB costs Africans less than $0.50—nine times cheaper than the average in sub-Saharan Africa.

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Plimer

 

 

Venus

 

 

Eagle

 

 

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Debt Rattle June 28 2018

Jun 282018
 
 June 28, 2018  Posted by at 8:59 am Finance Tagged with: , , , , , , , , , , ,  7 Responses »


Vincent van Gogh Courtesan (after Eisen) 1887

 

• Same Old Greed In A Shiny New Wrapper (Felder)
• Brexit To Put £29 Trillion In Derivatives Contracts At Risk – BOE (G.)
• EU To Raise Pressure On May Over Chances Of No-Deal Brexit (G.)
• Bank of Japan Now Owns Half the Country (ZH)
• Trump Says Security Panel Can Protect US Technology From China (R.)
• Whack-a-Mole: China Steps Up Property Crackdown In 30 Major Cities (R.)
• Lobbyists And Business-Friendly Pundits Mourn Ocasio-Cortez’s Victory (IC)
• An Upset in the Making: Joe Crowley Never Saw Defeat Coming (NYT)
• Thomson Reuters Defends Its Work For ICE (IC)
• How To Get Away With Financial Fraud (Davies)
• After the Fall (John Lanchester)
• Animals Are Becoming Nocturnal To Avoid Human Beings (Wef)

 

 

Everyone to the same side of the boat!

• Same Old Greed In A Shiny New Wrapper (Felder)

The flows into tech funds of late have been absolutely astounding if not totally surprising. The FAANNG stocks have been the market darlings for quite some time now so it’s understandable investors would chase this performance just as they do during every bull market.

It’s not just tech-focused funds overweighting the FAANNG stocks. There is a huge number of non-tech-focused funds that own these stocks, as well, and in a significant way further supporting their popularity in the marketplace. You can find them represented in size today in everything from consumer discretionary, retail, media and entertainment to momentum, cloud computing, internet and social media. In fact, without Amazon and Netflix, the consumer discretionary sector would be down on the year rather than up.

What’s more, in many cases, the ownership of these companies in many funds appear to be clear violations of their implicit if not explicit mandates. To demonstrate, let’s just run through the FAANNG stocks by market cap beginning with the biggest: Apple. There are fully 92 ETFs, according to ETFdb.com, that not only own the stock but also have an overweight (relative to the S&P 500) allocation to the shares. So not only are Apple fans and traditional passive investors buying tons of Apple stock, these other ETF investors are even more aggressively acquiring shares.

What I found notable in this case was that Apple was found in both value and growth-focused ETFs. I guess this isn’t really much of a stretch theoretically. A high-growth stock can become cheap just like any other. What is strange in Apple’s case, though, is that the stock now trades at its highest price-to-free cash flow in years. At the same time, the company’s 5-year average revenue growth is now the lowest in its history. Still, these systematic funds somehow find reason to not just own it but to overweight it as both a value stock and as a growth stock.

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Deutsche Bank should be scared.

• Brexit To Put £29 Trillion In Derivatives Contracts At Risk – BOE (G.)

Britain’s chief financial watchdog has warned that contracts worth trillions of pounds between UK and European Union banks remain at risk of collapse following Brexit, after Brussels’ failure to implement protective legislation. In a warning to EU officials that time is running out before next March to devise rules for EU banks, the Bank of England’s financial policy committee (FPC) said £29tn worth of contracts could be declared void. Derivatives contracts, which provide banks and corporations with protection from interest rate rises, could come to an end without fresh legislation from the UK and EU, the committee said in its latest quarterly health check on Britain’s financial services industry.

The warning will be seen as a direct response to the European Banking Authority, which argued earlier this week that the UK was dragging its feet preparing for Brexit. In an increasingly bitter war of words, EBA officials said there was little preparation by the UK authorities and individual banks for life outside the EU. The FPC hit back, saying the Treasury was well advanced in its efforts to bridge the gap between banks in London and those on the continent, but Brussels had made little obvious effort to support its own financial institutions. “The biggest remaining risks of disruption are where action is needed by both UK and EU authorities, such as ensuring the continuity of existing derivatives contracts. As yet the EU has not indicated a solution analogous to a temporary permissions regime,” it said.

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The incompetence is almost funny.

• EU To Raise Pressure On May Over Chances Of No-Deal Brexit (G.)

The European Union’s 27 leaders are to ratchet up the pressure on Theresa May by giving her a strong warning about the growing risk of a no-deal Brexit, as countries across Europe confirmed they were intensifying work on their contingency plans for Britain crashing out of the bloc. With a complete absence of progress on key issues, including that of avoiding a hard border on the island of Ireland, the prime minister will be pressed at a summit in Brussels to reassure her fellow leaders about her intentions. The Danish prime minister, Lars Løkke Rasmussen, told his parliament in Copenhagen on Wednesday: “It is the first time we are saying clearly to the British that we can end, in the worst scenario, [with] no deal.”

May has agreed to address the leaders at a dinner on Thursday night after discussions with Donald Tusk, the European council president, earlier this week in Downing Street. She is expected to sketch out her intentions for the coming few weeks before they come to their conclusions on the state of the negotiations the following morning. Asked whether Tusk was more confident about the future following his last meeting with May, a senior EU official laughed, adding: “Well, I don’t think he is less optimistic.” On the so-called backstop solution for the Irish border – a default state to be in place until a free trade deal or bespoke technological solution is agreed – the official said there had “frankly been no progress, and that’s reason to express concern”.

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I made up that headline. It’s a little exaggerated. But only a little. It’s a crazy experiment Kuroda is in.

• Bank of Japan Now Owns Half the Country (ZH)

The last time we looked at how much of the stock market the Bank of Japan controls, we found that as of September, Kuroda’s central bank owned a stunning 75% of all Japanese ETFs as the central bank keeps buying stocks under its ultraloose monetary policy. Since December 2010 – when The Bank of Japan held no ETFs at all – the central bank has been buying ETFs (doubling its annual buying target to 6 trillion yen in July 2016) as part of unprecedented economic stimulus. Over this period, the Nikkei 225 Stock Average has risen 89% since December 2010. It is safe to say the two are correlated. Fast forward to today, when according to the latest BOJ holdings update following even more ETF purchases, the Japanese central bank has also become a major shareholder in nearly 40% of listed companies.

According to Nikkei calculations, the bank was one of the top 10 shareholders in 1,446 listed companies out of 3,735 at the end of March. This means that just over the past year, when the BOJ was a major owner of 833 stocks, the BOJ’s equity holdings have expanded by a staggering 70%. In addition, the Central Bank bank is now the top shareholder in Tokyo Dome, Sapporo Holdings, Unitika, Nippon Sheet Glass and Aeon. This means that the BOJ has amassed an estimated 25 trillion yen ($227 billion) of equities as a result of purchasing exchange-traded funds. Putting these holdings in context, the BOJ holdings are equal to nearly 4% of the roughly 652 trillion yen aggregate market value of stocks traded on the first section of the Tokyo Stock Exchange.

In justifying the BOJ’s relentless takeover of the stock market, Kuroda has said that buying up stocks is an integral part of the BOJ’s strategy to lift inflation to 2%, a program which “has fulfilled its role to a certain extent,” according to Kuroda. But, as the Nikkei adds, the size of the buying spree could complicate an eventual exit strategy from the monetary easing and also distort basic market mechanisms.

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We’re still talking.

• Trump Says Security Panel Can Protect US Technology From China (R.)

President Donald Trump on Tuesday endorsed U.S. Treasury Secretary Steven Mnuchin’s measured approach to restricting Chinese investments in U.S. technology companies, saying a strengthened merger security review committee could protect sensitive American technologies. Trump, in remarks to reporters at the White House, said the approach would target all countries, not just China, echoing comments from Mnuchin on Monday amid a fierce internal debate over the scope of investment restrictions due to be unveiled on Friday. “It’s not just Chinese” investment, Trump told reporters when asked about the administration’s plans. Mnuchin and White House trade adviser Peter Navarro sent mixed signals on Monday about the Chinese investment restrictions, ordered by Trump on May 29.

Mnuchin said they would apply to “all countries that are trying to steal our technology,” while Navarro said they would be focused specifically on China. The restrictions are being developed to help put pressure on China to address the administration’s complaints that it has misappropriated U.S. intellectual property through joint-venture requirements, unfair licensing policies and state-backed acquisitions of U.S. technology firms. Mnuchin would prefer to use new tools associated with pending legislation to enhance security reviews of transactions by the Committee on Foreign Investments in the United States (CFIUS), some administration officials have said.

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Property gains have been a substantial part of ‘growth’. Watch out Xi.

• Whack-a-Mole: China Steps Up Property Crackdown In 30 Major Cities (R.)

China said on Thursday it would renew efforts to crack down on property irregularities in 30 major cities from July to end-December, mobilizing powers from seven major Chinese government agencies in a concerted effort to rein in rising prices. Property prices in China have soared since 2016, prompting the government to roll out tightening measures in more than 100 cities to dampen demand amid bubble fears. But new home prices in May posted their fastest growth in nearly a year even as prices cooled in big cities, suggesting buyers are shifting to smaller cities. Policymakers have been careful not to tap on the brakes too hard, as real estate remains a major driver of the economy.

Growth in the world’s second-largest economy is at risk of slowing as the authorities try to tame rapid domestic credit growth at a time when trade tensions are causing worries for the economic outlook. The crackdown would be carried out by government entities including the housing ministry and the Ministry of Public Security, and the banking and insurance regulators, according to a notice posted on the housing ministry’s website. They would focus on stemming speculation, cracking down on illegal agencies and developers, and fake advertisements.

Among the 30 cities that will be scrutinized are the country’s four largest or top tier cities, including Beijing and Shanghai, and tier 2 provincial capitals such as Wuhan and Chengdu, and also smaller cities, such as Yichang and Foshan. The notice said targeted irregularities include manipulating prices, deliberately holding off sales, illegally providing loans for downpayment and publishing false price information that mislead buyers.

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The party swung so far right the only way to go is left.

• Lobbyists And Business-Friendly Pundits Mourn Ocasio-Cortez’s Victory (IC)

Several Democratic pundits appeared on Fox Business Network to raise the alarm about the election. “The party is swinging left,” said Robin Biro, a former DNC delegate supporting Hillary Clinton. “It’s concerning for someone who is more moderate like myself.” Mark Penn, a strategist who owns several corporate lobbying and public relations firms and previously advised both Bill and Hillary Clinton’s presidential campaigns, attempted to downplay the significance of Ocasio-Cortez’s victory. Asked by Fox Business host Maria Bartiromo if Ocasio-Cortez’s win signified a drift toward socialism, Penn said no. “I just don’t think that’s where the Democratic Party is going. I think that’s where that district is going,” said Penn.

“I think the national implications are being overblown,” he added. Crowley was seen as the next Democratic House leader and had won support from business executives as a leading moderate. As The Intercept reported, Crowley helped spearhead efforts against bank regulations, and, as a longtime leader of the New Democrat Coalition, was widely viewed as a point person for lobbyists to influence that caucus of centrist Democrats. He also voted in support of the Iraq War and the Patriot Act. The Wall Street-friendly wing of the Democratic Party similarly attempted to diminish Ocasio-Cortez’s victory.

Matt Bennett, co-founder of Third Way, a business-friendly Democratic think tank governed by a council of finance industry executives, told Axios that Crowley lost because of his gender and the particular dynamics of the district. Ocasio-Cortez’s victory “had more to do with the nature of her very blue district than it does with national politics,” Bennett said.

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Many similarities to Hillary’s loss.

• An Upset in the Making: Joe Crowley Never Saw Defeat Coming (NYT)

It was less than three weeks until Primary Day and, on first blush, the poll that Representative Joseph Crowley had been shown by his team of advisers was encouraging: He led his upstart rival, Alexandria Ocasio-Cortez, by 36 percentage points. It was the last poll Mr. Crowley’s campaign would conduct. Despite his many reputed strengths — his financial might as one of the top fund-raisers in Congress, his supposed stranglehold on Queens politics as the party boss, his seeming deep roots in an area he had represented for decades — Mr. Crowley was unable to prevent his stunning and thorough defeat on Tuesday night. Ms. Ocasio-Cortez bested Mr. Crowley by 15 percentage points, delivering a victory expected to make her, at 28, the youngest woman ever elected to Congress.

If it takes a perfect storm to dislodge a congressional leader, then Ms. Ocasio-Cortez and her crusading campaign about class, race, gender, age, absenteeism and ideology proved to be just that. She and her supporters swept up Mr. Crowley in a redrawn and diversifying 14th Congressional District where the incumbent, despite two decades in Congress, had never run in a competitive primary. She flipped the levers of power he was supposed to have — his status as a local party boss and his money — against him, using that as ammunition in an insurgent bid that cut down a possible successor to Nancy Pelosi and the No. 4 Democrat in the House. No single factor led to Mr. Crowley’s defeat, more than a half-dozen officials inside and close to his campaign said in interviews, most on the condition of anonymity.

It was demographics and generational change, insider versus outsider, traditional tactics versus modern-age digital organizing. It was the cumulative weight of them all. [..] Ms. Ocasio-Cortez, in an interview on Wednesday, dismissed race as a driving factor in her win, though she had regularly highlighted her heritage on the campaign trail. “It would be a huge mistake to just say that this election happened because X demographics live here. That is to absolutely miss the entire point of what we just accomplished,” Ms. Ocasio-Cortez said. A former organizer for Bernie Sanders, Ms. Ocasio-Cortez won across the district, carrying Mr. Crowley’s home borough of Queens by a larger margin than she won the Bronx. “She won virtually everywhere,” said Steven Romalewski, a researcher at the Center for Urban Research [..], who mapped the results.

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It’s not just Facebook and Google, everyone wants a piece of the fat pie.

• Thomson Reuters Defends Its Work For ICE (IC)

The reporters at Reuters have been providing crucial, unfliching coverage of the cruel treatment of would-be immigrants under policies pushed by President Donald Trump. Meanwhile, the news agency’s parent company, Thomson Reuters, has been supplying U.S. Immigration and Customs Enforcement with data from its vast stores as part of federal contracts worth close to $30 million. A letter from a Thomson Reuters executive shows that the company is ready to defend at least one of those contracts while remaining silent on the rest. Last week, advocacy and watchdog group Privacy International wrote to Thomson Reuters CEO James Smith to “express concern” over contracts between ICE and two of the company’s subsidiaries.

Thomson Reuters Special Services sells ICE “a continuous monitoring and alert service that provides real-time jail booking data to support the identification and location of aliens” as part of a $6.7 million contract, and West Publishing, another subsidiary, provides ICE’s “Detention Compliance and Removals” office with access to a vast license-plate scanning database, along with agency access to the Consolidated Lead Evaluation and Reporting, or CLEAR, system, which Thomson Reuters advertises as holding a “vast collection of public and proprietary records.” The two West contracts are together worth $26 million. The Privacy International letter cites the practice by U.S. authorities of separating children from their parents, as well as the Trump administration’s overall “zero tolerance” approach to immigration violations.

The children — thousands of them — are typically intercepted by U.S. Customs and Border Protection with their parents; the parents are then detained by ICE while the children, having been forcibly separated, are held in conditions that some have described in horrifying terms, under the supervision of Health and Human Services. (ICE agents have also been accused of sexual abusing hundreds of detainees, underhanded arrest tactics, and more.) Privacy International’s letter requested that Thomson Reuters “commit to not providing products or services to U.S. immigration agencies which may be used to enforce such cruel, arbitrary, and disproportionate measures.”

Read more …

Long read on how fraud takes place where no-one expects it. And on a scale that no-one thinks possible. Libor.

• How To Get Away With Financial Fraud (Davies)

It is not a pleasant thing to see your industry subjected to criticism that is at once overheated, ill-informed and entirely justified. In 2012, the financial sector finally got the kind of enemies it deserved. The popular version of events might have been oversimplified and wrong in lots of technical detail, but in the broad sweep, it was right. The nuanced and technical version of events which the specialists obsessed over might have been right on the detail, but it missed one utterly crucial point: a massive crime of dishonesty had taken place. There was a word for what had happened, and that word was fraud. For a period of months, it seemed to me as if the more you knew about the Libor scandal, the less you understood it.

That’s how we got it so wrong. We were looking for incidental breaches of technical regulations, not systematic crime. And the thing is, that’s normal. The nature of fraud is that it works outside your field of vision, subverting the normal checks and balances so that the world changes while the picture stays the same. People in financial markets have been missing the wood for the trees for as long as there have been markets. Some places in the world are what they call “low-trust societies”. The political institutions are fragile and corrupt, business practices are dodgy, debts are rarely repaid and people rightly fear being ripped off on any transaction.

In the “high-trust societies”, conversely, businesses are honest, laws are fair and consistently enforced, and the majority of people can go about their day in the knowledge that the overall level of integrity in economic life is very high. With that in mind, and given what we know about the following two countries, why is it that the Canadian financial sector is so fraud-ridden that Joe Queenan, writing in Forbes magazine in 1989, nicknamed Vancouver the “Scam Capital of the World”, while shipowners in Greece will regularly do multimillion-dollar deals on a handshake? We might call this the “Canadian paradox”.

There are different kinds of dishonesty in the world. The most profitable kind is commercial fraud, and commercial fraud is parasitical on the overall health of the business sector on which it preys. It is much more difficult to be a fraudster in a society in which people only do business with relatives, or where commerce is based on family networks going back centuries. It is much easier to carry out a securities fraud in a market where dishonesty is the rare exception rather than the everyday rule.

Read more …

Long read on what happened since 2008.

• After the Fall (John Lanchester)

Some of the more pessimistic commentators at the time of the credit crunch, myself included, said that the aftermath of the crash would dominate our economic and political lives for at least ten years. What I wasn’t expecting – what I don’t think anyone was expecting – was that ten years would go by quite so fast. At the start of 2008, Gordon Brown was prime minister of the United Kingdom, George W. Bush was president of the United States, and only politics wonks had ever heard of the junior senator from Illinois; Nicolas Sarkozy was president of France, Hu Jintao was general secretary of the Chinese Communist Party, Ken Livingstone was mayor of London, MySpace was the biggest social network, and the central bank interest rate in the UK was 5.5 per cent.

It is sometimes said that the odds you could get on Leicester winning the Premiership in 2016 was the single most mispriced bet in the history of bookmaking: 5000 to 1. To put that in perspective, the odds on the Loch Ness monster being found are a bizarrely low 500 to 1. (Another 5000 to 1 bet offered by William Hill is that Barack Obama will play cricket for England. I’d advise against that punt.) Nonetheless, 5000 to 1 pales in comparison with the odds you would have got in 2008 on a future world in which Donald Trump was president, Theresa May was prime minister, Britain had voted to leave the European Union, and Jeremy Corbyn was leader of the Labour Party – which to many close observers of Labour politics is actually the least likely thing on that list. The common factor explaining all these phenomena is, I would argue, the credit crunch and, especially, the Great Recession that followed.

Read more …

It may be smart but it can’t be good.

• Animals Are Becoming Nocturnal To Avoid Human Beings (Wef)

On Thursday, ecologists at the University of California, Berkeley, released a study published in Science Magazine that indicates animals are adjusting their habits to avoid the stresses of human encroachment on their habitat. According to the research from Kaitlyn M. Gaynor, Cheryl E. Hojnowski, Neil H. Carter, and Justin S. Brashares, human population growth is having a profound influence on the way animals go about their business—specifically, when they choose to go about their business. It seems that a number of mammalian species have become nocturnal in an effort to avoid us. Scientists admit that this probably works for the animals, but could have potential “ecosystem-level consequences” we don’t yet fully understand.

It’s been acknowledged in the past that mammals have been adjusting to the presence of humans by moving less, retreating to remote areas, and spending less time looking for food, according to Phys.org, who spoke with Gaynor, the leader of the study. All these altered behaviors contribute to overall stress in the animals. Gaynor’s study indicates that even things like camping and hiking could be having a negative effect on wildlife. “It suggests that animals might be playing it safe around people,” said Gaynor. “We may think that we leave no trace when we’re just hiking in the woods, but our mere presence can have lasting consequences.”

Read more …

Images of Children Crying

Jun 232018
 
 June 23, 2018  Posted by at 1:07 pm Finance Tagged with: , , , , , , , , , , , , , ,  10 Responses »


René Magritte Le Mal du Pays (Homesickness) 1940

 

The two most viral photographs of the ‘Trump Separation Scandal’ have now been debunked, or at the very least been proven to have been used ‘out of context’. This is a dangerous development, as are the reasons to use them the way they have been. Both pictures are of children who had not been separated from their mothers at all. But both were used to depict just that: a child being taken away from its mother.

What’s dangerous about this is, first, that those who spread the narrative regardless of the truth may next permit themselves to use images from entirely different locations or times to make their point. Yes, children have been taken from parents at US borders. And attention for that is warranted, very much so. But playing loose with the facts turns those facts into a mere narrative in which nobody can tell fact from fiction anymore.

First, a week ago already, I saw this on RT:

 

Debunked: Viral Image Of Crying, Caged Toddler ‘Detained By ICE’ Not What It Seems

A distressing image of a crying toddler locked in a barred cage after purportedly being detained by US immigration officials has gone viral – but despite online claims, it does not actually depict what has been alleged. The image, which shows a little boy crying in a cage as he looks out between its bars, was shared by activist journalist and undocumented migrant Jose Antonio Vargas as a comment on the Trump administration’s immigration crackdown on families.

In the same thread, Vargas admitted that he came across the photo on a friend’s timeline and was still looking for the original source. Nevertheless, the snap quickly went viral with Vargas’ post garnering more than 23,000 retweets and many others sharing the image across their own social media accounts.

 

Vargas explained that he shared the photo because when he was detained by ICE in McAllen, Texas in 2014, he encountered children who were locked up there. “It wasn’t okay then; it’s not okay now,” he wrote, adding that he’s been outraged about the incident for years.

It has since emerged that the picture was in fact not from a detention facility at all, and instead was taken at a protest against Trump’s immigration policies held on June 10 outside Dallas City Hall. The demonstration organized by Brown Berets de Cemanahuac was held to call out the policy of family separation and confining undocumented children.

Ergo: an activist journalist and undocumented immigrant makes it look as if a picture depicts something that in reality it did not. Note also that the article says he wanted to comment on the Trump immigration crackdown, because he has memories of the Obama immigration crackdown, when he saw children locked up. But then, hey, that’s social media, right? Anyone can say anything.

It’s different, though, when TIME Magazine uses such politics. And its editor-in-chief defends the use of the picture by saying it was the most visible symbol of something, even though he knew full well that the photo didn’t depict that something. That’s a mighty slippery scale. If they could have achieved the same effect with a picture of a overripe banana taken in the Pacific in the 1950’s, they probably would have used it. It’s the effect that counts, not the facts.

 

Fact-Check: Was Migrant Girl On US Border Taken From Mother? Unfounded

Two photos that went viral on social media depict scenes that are not directly related to the family separations taking place on the US-Mexico border since early May. The most prominent, of Honduran two-year-old Yanela Varela crying inconsolably, has become a global symbol of the separations – helping to attract more than $18 million in donations for a Texas non-profit called RAICES. The photograph was taken on June 12 in McAllen, Texas by John Moore, a Pulitzer Prize-winning photographer for Getty Images.

 

An online article about the picture, published by Time Magazine, initially reported the girl was taken from her mother, but was subsequently corrected to make clear that: “The girl was not carried away screaming by US Border Patrol agents; her mother picked her up and the two were taken away together.” Time Magazine nonetheless used the image of the sobbing child on its cover, next to an image of President Trump looming over her, with the caption “Welcome to America”. The head of Honduras’ Migrant Protection Office Lisa Medrano confirmed to AFP that the little girl, just two years old, “was not separated” from her family.

The child’s father also said as much. Denis Varela told the Washington Post that his wife Sandra Sanchez, 32, had not been separated from their daughter, and that both were being detained together in an immigration center in McAllen. Under fire for its cover – which was widely decried as misleading including by the White House – the magazine said it was standing by its decision. “The June 12 photograph of the 2-year-old Honduran girl became the most visible symbol of the ongoing immigration debate in America for a reason,” Time’s editor-in-chief Edward Felsenthal said.

 

Nassim Nicolas Taleb, of black swans and Fragility, has found the appropriate term for this ‘phenomenon’, and explains why it works so well that TIME apparently doesn’t care about the damage to its reputation caused by using photographs for such purposes.

 

Pedophrasty, Bigoteering, and Other Modern Scams

Pedophrasty Definition: Argument involving children to prop up a rationalization and make the opponent look like an asshole, as people are defenseless and suspend all skepticism in front of suffering children: nobody has the heart to question the authenticity or source of the reporting. Often done with the aid of pictures. [..] Pedophrasty is effective as it provides arguments to strike before the evidence is formed. People are moved into “doing something” Pedophrasts prey on our maternal (and paternal) instincts.

Pedophrasty has its most effects on actors, journalists and similar types who are intellectually insecure, deprived of critical judgment, and afraid of being classified as violators of some norm of political correctness. For instance, pedophrasty has been commonly used in the Syrian war by such propagandists as Julian Roepke continuously supplying the German public with pictures of dead children. Or the various lobbies hired by Saudi Barbaria (and allies), such as the Middle East Institute in Washington DC, to promote Sunni Islamist policies under the cover of “think tanks”.

The Nayirah testimony: a false congressional testimony by 15-year-old girl who provided only her first name, Nayirah (she turned out to be the daughter of the Kuwaiti ambassador to the U.S.) was a bit responsible into tipping the US into the war. Nayirah claimed that she had witnessed Iraqi soldiers take babies out of incubators a Kuwaiti hospital, and leave the babies to die. Nobody dared to question the veracity of her claims.

That’s what is dangerous: seeing a photo of a child in distress makes people halt their critical thinking. That’s also why such photos are used. They help build a narrative that doesn’t have to be factual to shock people. But at that point TIME becomes a fiction magazine; it’s where it leaves journalism behind.

The narrative also depends to a large extent on the singularity of Trump’s brutality compared to other presidents and nations’ leaders. It seeks to single him out as being extremely cruel. That narrative will fall to pieces going forward, and not only because the stories behind the photos have now been exposed.

First, here’s a look at what happened under earlier US presidents, in this case Obama, published by the ACLU in May 2018:

 

ACLU Obtains Documents Showing Widespread Abuse Of Child Immigrants In US Custody

Documents obtained by the American Civil Liberties Union featured in a new report released today show the pervasive abuse and neglect of unaccompanied immigrant children detained by U.S. Customs and Border Protection. The report was produced in conjunction with the International Human Rights Clinic at the University of Chicago Law School.

“These documents provide a glimpse into a federal immigration enforcement system marked by brutality and lawlessness,” said Mitra Ebadolahi, ACLU Border Litigation Project staff attorney. “All human beings deserve to be treated with dignity and respect regardless of their immigration status — and children, in particular, deserve special protection. The misconduct demonstrated in these records is breathtaking, as is the government’s complete failure to hold officials who abuse their power accountable. The abuse that takes place by government officials is reprehensible and un-American.”

The report is based on over 30,000 pages of documents dated between 2009 and 2014.

Then, what other ‘leaders’, who express their ‘disgust’ and worries at the Trump separation policies do at home. The Guardian yesterday:

 

Theresa May’s Brutal Family Separations Would Make Trump Blush

[..] as a British citizen I cannot, in good faith, reassure myself with that time-old mantra that we are somehow more civilised and less cruel or brutal than our cousins across the pond. Nor do I think that condemnation from our government can carry any real currency. Since long before anybody had heard the words “Make America great again”, splitting up families has been official policy in Theresa May’s Home Office – and it has been carried out with a brutality and on a scale that would make even President Trump blush.

The Children’s Commissioner has found that at least 15,000 children growing up in the UK live without a parent because the right of British citizens to reunite with a foreign spouse is limited by an unreasonable income threshold, an impossible complicated application system fraught with Home Office errors, and no legal aid for families to challenge incorrect decisions.

And the Sydney Morning Herald from December 2017:

 

Australia Is Wilfully Damaging The Health Of Children On Nauru To Make A Point – And It Is Appalling

When we visited Nauru as paediatric specialists three years ago, we were asked to see 30 of the 100 children being detained on the island. Among them was a six-year-old girl who had tried to kill herself and a two-year-old boy with such severe behaviour problems a doctor had prescribed anti-psychotic medicines. Their parents were in despair. They had fled persecution, trying to save their children from harm, but had ended up imprisoned on a remote island, without hope.

We left with the view that these were the most traumatised children we had ever consulted on, far worse than children we had seen in Australia, Africa, Asia or Europe. Three years later, 43 of those children remain on the island. Officially they are now free to move around, but reports of attacks by locals show Nauru is not safe and so they remain in the “Regional Processing Centre”.

In 2014, the Australian Human Rights Commission reported that children at this centre were deeply traumatised psychologically, and had even been abused. Their detention was harming them. When Australia introduced mandatory detention in 1992, it took 10 weeks on average to process an application for refugee status. Now it takes years. As the numbers of children in detention fall, the length of time in detention rises. This is deliberate: wilfully damaging children’s health to deter others from seeking asylum.

See, what TIME Magazine and others do, using pictures of crying children regardless of their actual context, may make for an initially appealing narrative, but in the end their approach only distracts from what really matters. Which is that children need to be with their mothers (and preferably fathers).

Just reporting the facts on this is not only enough, it’s the only way to report on it. Once you start making up stuff, you’re done, and the truth is done.

US immigration laws are clearly not working; so change them. ICE is a terrible organization that has attracted far too many sociopaths. Close it down. Child abuse as a tool to instill fear has been an international political tool for a very long time. Those are the things that should be making headlines. Turning this into yet another anti-Trump narrative, using crying children as shortcuts to people’s emotions, doesn’t work, or not for long.

This is not about Trump. Trying to make it about him is not going to help those children. And that’s what you want, right? Right?

 

 

See? Now You Did It!

Jun 152018
 
 June 15, 2018  Posted by at 12:42 pm Finance Tagged with: , , , , , , , , , , ,  15 Responses »


Edward John Poynter Erato, Muse of Poetry 1870

 

This is something I’ve commented on many times. Like two months ago, when I wrote:

“As for Donald Trump, as much as we would like to engage in constructive criticism of the man and his government, we find we no longer can. The anti-Trump echo-chamber has turned so deafening that any intelligent debate about his policies is being drowned out amid the never ending flow of fake news and half truths and innuendo and empty smears that US media continue to spout. With a brief lull when the bombs fell on Syria.

Thank you, New York Times, WaPo, CNN, MSNBC. Thank you for killing the entire discussion, thank you for killing off journalism. There is a lot to say about Trump, much of it critical, but we can no longer open our mouths. Because we don’t want to be in the same camp as you. Life in the echo chamber has given us vertigo. We had to get out.”

Jim Kunstler thanked me for saying that. He very much feels the same way. Nothing has changed. They’re still at it, and we still can’t get a word in edgewise. I was thinking earlier today that the best the MSM can do to promote its own case is to praise Trump from time to time. Because that is the only way they could attract some ears and eyes from outside their echo chamber.

They won’t do it. Being negative about the US president makes them too much money. It leaves us with a situation in which the one half of America that reads and hears New York Times, WaPo, CNN, MSNBC has become fully isolated from the other half. Yes, this is risky. But this, too, will be blamed on Trump.

Meanwhile, border policies where children are forcefully separated form their parents need criticism and condemnation from all of the nation. But there is nobody left who can reach the entire nation. A year and a half of 24/7 unproven allegations about collusion with Russia has seen to that.

Therefore, when the Intercept wrote about a Human Rights Watch report last month in Obama’s Deportation Policy Was Even Worse Than We Thought , the MSM don’t cover it, because it doesn’t fit the narrative. But when Trump uses the same ICE machinery to scare potential immigrants away, it’s suddenly considered newsworthy.

Oh, and France uses the exact same scare tactics, going as far as ripping children’s soles from their shoes. We should all condemn these atrocities, and make them stop. But it’s not going to happen if you guys insist on making it an anti-Trump thing, because half the country won’t listen to any more of that.

Journalism and news media must be a force to unite a nation, not one that divides it simply because there’s -more- profit in that.

The neverending Trump innuendo reached another new high in the North Korea meeting, with the ‘media’ competing with each other to find yet another terrible mistake or intentional screw-up by the man who is President of all Americans (like it or not). A feeding frenzy on nothingburgers.

Trump was accused of hob-nobbing with dictators. Excuse me, but all US presidents have done that. He wasn’t being tough enough, he was giving far too much away with nothing in return. Well, that’s not how South Koreans see it, and this concerns them a whole lot more than a bunch of ‘reporters’ covering the beltway.

Truth is, Trump did a good job, everything went well, he put Kim Jong-un in a position where the latter will have to deliver on denuclearization, or face the -international- consequences. It is quite the achievement, but if you wake up every single morning looking for more bad things to say about someone, yes, chances are you miss the good things.

You’re also probably missing the Saudi, US-supported, attacks on Hodeidah, the port city that is Yemen’s last lifeline to the world, and the only chance millions of people have of escaping a famine not seen since the Middle Ages.

That is the kind of thing that should be on your front pages, and opening your news shows, not that North Korea happens to have a border with Russia nudge nudge wink wink, and Trump saluted some Korean general.

America needs real news and real journalism, and it needs it badly. Instead it has an increasingly divisive set of well-paid propagandists who break the country ever further apart. The OIG report that came out yesterday confirms this more and better than anything.

When the country’s own ‘intelligence’ conspires to influence the political process, while the media report on outside influence only, then yes, you have a problem. As I was writing earlier today, you have to wonder how many people will still be working at the FBI by the end of the year.

Something else I’ve said before: the only hope of survival the MSM have in the age of the interwebs is to be brutally honest and open. Real news and real journalism. Because simply spouting opinions is something they will be trumped on by the many many millions of people with social media accounts who already do that every day, anonymously, and for free.

The old media don’t stand a chance against that army. The only thing that can save them is the truth.

 

 

Debt Rattle March 4 2017

Mar 042017
 
 March 4, 2017  Posted by at 9:42 am Finance Tagged with: , , , , , , , , , ,  4 Responses »


DPC Pine Street below Kearney after the great San Francisco earthquake and fire 1906

 

• Yellen Points To March Rate Hike As Fed Signals End Of Easy Money (R.)
• The Fed Is Embarking On A Path That Usually Ends With A Recession (Udland)
• A Selloff Is Looming As Fear Stalks The Stock Market Rally (MW)
• Medicine In The USA Is A Hostage Racket (Jim Kunstler)
• Chevron Warns Future Oil Drilling May Be ‘Economically Infeasible’ (Ind.)
• Germany-Turkey War Of Words Escalates (BBC)
• UK Could Quit EU Without Paying A Penny (G.)
• Greece Should Be Added to ECB’s QE Bond-Buying List (BBG)
• To Solve Refugee Crisis, Stop Funding Terrorism – Tulsi Gabbard (TAM)
• Austria To Stop Giving Food, Shelter To Rejected Asylum Seekers (ZH)
• US Considers Separating Women And Children Who Enter Country Illegally (G.)
• Parents Fearing Deportation Pick Guardians For US Children (R.)

 

 

‘The end of easy money’ will only come through collapse.

• Yellen Points To March Rate Hike As Fed Signals End Of Easy Money (R.)

The U.S. Federal Reserve’s long-stalled ‘liftoff’ of interest rates may finally get airborne this year as policymakers from Chair Janet Yellen on Friday to regional leaders across the United States signaled that the era of easy money is drawing to a close. Yellen capped off a seemingly coordinated push from the central bank on Friday when she cemented the view that the Fed will raise interest rates at its next meeting on March 14-15, and likely be able to move faster after that than it has in years. It’s a welcome turn for the Fed chair, who has hoped to get rates off the ground throughout her three-year tenure, and now sees the economy on track and investors aligned around the idea.

“At our meeting later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate,” Yellen said at a business luncheon in Chicago. “The process of scaling back accommodation likely will not be as slow as it was in 2015 and 2016,” she added. Stocks were up slightly, and futures tied to rate-hike expectations moved little on Yellen’s remarks. The comments from Fed speakers this week had already pushed market pricing of a March hike to 80%. The Fed has struggled for the past three years to raise interest rates off the zero lower bound as the U.S. economy slowly healed after the Great Recession. Issues from sluggish inflation globally to the dampening effect of a strong dollar and low energy prices blew them off course. By contrast, 2017 may be the year the Fed is able to follow through on its forecast of three rate hikes.

Read more …

Central bank manipulation is a craziness that can end in one way only.

• The Fed Is Embarking On A Path That Usually Ends With A Recession (Udland)

Stocks are at record highs. And while the Trump administration’s early days have been filled with internal political chaos, the market’s reaction has continued to remain positive. On Wednesday, when U.S. stocks had their best day of the year, the popular SPY ETF, which tracks the S&P 500, saw $8.2 billion in new inflows, its single-best day since December 2014. But something else happened on Wednesday that should have equity bulls quite a bit more concerned: markets got behind the idea the Federal Reserve will raise interest rates in March and, perhaps, be more aggressive about raising rates in than previously expected.On Friday, Fed Chair Janet Yellen signaled that a March rate hike is on the table and said the pace of the Fed raising rates in 2017 would likely exceed that seen in 2015 and 2016.

And while an accomodative Fed has been seen as a backstop for markets during the post-crisis bull run higher, a tighter Fed is bad news for stocks because when rates begin to rise, the end of the bull market has already been signaled. As we highlighted in our daily market outlook post, David Rosenberg at Gluskin Sheff wrote Thursday that, “Monetary policy is profoundly more important to the markets and the economy than is the case with fiscal policy, though all the Fed is doing now is removing accommodation.” Rosenberg added that, “there have been 13 Fed rate hike cycles in the post-WWII era, and 10 landed the economy in recession. Soft landing are rare and when they have occurred, they have come in the third year of the expansion, not the eighth.”


The gray bars mark recessions. Ahead of recessions, rates usually rise. Right now, rates are set to rise.

Read more …

Fear vs greed.

• A Selloff Is Looming As Fear Stalks The Stock Market Rally (MW)

Wall Street’s so-called fear index has started to move in lockstep with stock prices and that has one money manager warning of an impending selloff even as market sentiment remains fairly stable. Jesse Felder, founder of the Felder Report and an alumni of Bear Stearns, on Friday shared a chart that showed an increasingly positive correlation between the S&P 500 and the CBOE Market Volatility Index. “Normally stocks and the VIX move in opposite directions…and it makes sense that rising stock prices mean less fear and vice versa,” said Felder. However, that reverse relationship has started to change in recent days as expectations of a market correction mount.

The VIX is a measure of the market’s expectation for volatility over the next 30 days and is calculated from the implied volatilities of S&P 500 index options. A low reading indicates a placid market while a higher number suggests elevated uncertainty. “The options market is pricing in greater volatility ahead even though stocks don’t yet reflect this same dynamic,” Felder told MarketWatch. “Over the past few years this signal has preceded anywhere from a 2% to a 10% correction.”

That this trend comes on top of the 10-year Treasury yield’s nearly 40% surge over the past year as the Federal Reserve prepares to tighten monetary policy suggest risky assets such as equities will face significant selling pressure. Analysts are projecting the Fed to raise interest rates three times this year, a view reinforced by comments from Fed Chairwoman Janet Yellen on Friday that a rate hike at the next Federal Open Market Committee in mid-March is likely. “The Fed looks like it will take its third step toward tightening here soon so it might pay to remember the old Wall Street adage ‘three steps and a stumble.’ For these reasons, I think the chance of a major reversal is higher than it has been in the past,” he said.

Read more …

“Some things are too big to fail; some are too broken to fix.”

• Medicine In The USA Is A Hostage Racket (Jim Kunstler)

The ObamaCare quandary. A fiasco for sure. Under it, not uncommonly, a family pays $12,000-a-year for a policy that carries a $5,000 deductible. That’s an interesting number in a land were most people don’t even have enough ready cash for routine car repairs. The cruel and idiotic injustice of such a set-up could only happen in a society that has normalized pervasive lying, universal accounting fraud, and corporate racketeering. I personally doubt the existing health care system can be reformed. Anyway, we’re starting in the wrong place with it. The part that nobody talks about is the psychopathic pricing system that drives medicine. The average cost for a normal (non-surgical) hospital childbirth in America these days is $10,000. WTF? An appendectomy: between $9,000 and $20,000 depending on where. WTF?

These days, a hip replacement runs about $38,000. Of course, you will never find out what a treatment or procedure costs before-the-fact. They simply won’t tell you. They’ll say something utterly ridiculous like, “we just don’t know.” You’ll find out when the bills roll in. Last time I had a hip replacement, I received a single line-item hospital charge report from the insurance company that said: “Room and board, 36 hours… $23,000.” Say what? This was apart from the surgeon’s bill and the cost of the metal implant, just for occupying a bed for a day and a half pending discharge. They didn’t do a damn thing besides take my blood pressure and temperature a dozen times, and give me a few hydrocodone pills.

The ugly truth, readers, is that medicine in the USA is a hostage racket. They have you in a tight spot at a weak moment and they extract maximum payment to allow you to get on with your life, with no meaningful correlation to services rendered — just whatever they could get. Until these racketeers are compelled under law to post their prices openly and transparently, no amount of tweaking the role of insurers or government policy will make any difference. Note, too, that there is a direct connection between the outrageous salaries of hospital executives and their non-transparent, dishonest, and extortionist pricing machinations. The pharma industry is, of course, a subsidiary racket and needs to be subject to the kind of treatment the Department of Justice used to dispense to the likes of the Teamsters Union.

The healthcare system probably will not be reformed, but rather will collapse, and when it does, it will reorganize itself in a way that barely resembles current practice. For one thing, citizens will have to gain control over their own disastrous behavior, especially their eating, or else suffer the consequences, namely an early death. Second, the hospital system must be decentralized so that localities are once again served by small hospitals and clinics. The current system represents a mergers-and-acquisitions orgy that went berserk the past quarter century. The resulting administrative over-burden at every medical practice in the land is a perfectly designed fraud machine for enabling rackets. Preliminary verdict: congress will get nowhere in 2017 trying to fix this mess. Some things are too big to fail; some are too broken to fix. The coming debacle in finance, markets, and currencies will speed its demise.

Read more …

Because of climate legislation.

• Chevron Warns Future Oil Drilling May Be ‘Economically Infeasible’ (Ind.)

In an industry first, one of the world’s biggest oil companies has warned it could face legal action over climate change. Chevron, the California-based multinational, admitted it could be the subject of “governmental investigations and, potentially, private litigation” because of its role in causing global warming. And the firm added that regulations designed to reduce greenhouse gas emissions might also render the “extraction of the company’s oil and gas resources economically infeasible”. Environmentalists suggested the decision to admit the threat to the company could be a reaction to legal case brought last year against Exxon Mobil by the Boston-based Conservation Law Foundation, which alleges the fossil fuel company tried to discredit climate science despite knowing the risks in order to make money.

Chevron was one of a number of oil firms targeted in a campaign by the Union of Concerned Scientists in the US to “stop funding climate disinformation”. And, in an official filing about the state of its financial health to the US Securities and Exchange Commission (SEC), the company lays out possible reasons why it might have been in its interest to cast doubt on scientific evidence that its products are causing a problem. Laws requiring the reduction of emissions – like legislation that could be in the UK Government’s long-delayed Emissions Reduction Plan – “may result in increased and substantial … costs and could, among other things, reduce demand for hydrocarbons”, Chevron said in a section called “risk factors”.

“In the years ahead, companies in the energy industry, like Chevron, may be challenged by an increase in international and domestic regulation relating to greenhouse gas emissions,” it said. “Such regulation could have the impact of curtailing profitability in the oil and gas sector or rendering the extraction of the company’s oil and gas resources economically infeasible.”

Read more …

Makes me fear for Greece.

• Germany-Turkey War Of Words Escalates (BBC)

A row between Ankara and Berlin over a series of cancelled Turkish political rallies in Germany is continuing to escalate. On Friday, Turkish President Recep Tayyip Erdogan accused Berlin of “aiding and harbouring” terror. He said a German-Turkish journalist detained by Turkey was a “German agent” and a member of the outlawed Kurdish militant group, the PKK. A source in Germany’s foreign ministry told Reuters the claims were “absurd”. Earlier German Chancellor Angela Merkel said she respected local authorities’ decisions to cancel rallies that Turkey’s justice and economy ministers had been scheduled to address. Turkey is trying to woo ethnic Turkish voters ahead of a key referendum. About 1.4 million Turks living in Germany are eligible to vote in the April referendum, in which President Erdogan aims to win backing for sweeping new powers.

The constitutional changes would boost Mr Erdogan’s presidency and significantly weaken parliament’s role. Turkish officials have been angered after local German officials withdrew permission for rallies in Gaggenau, Cologne and Frechen. Gaggenau authorities had said there was insufficient space for the rally, while Cologne officials said they had been misled about the purpose of the event. Turkish Justice Minister Bekir Bozdag, who had been due to speak in Gaggenau, said he saw “old illnesses flaring up” between the two Nato allies. Meanwhile, Turkish Foreign Minister Mevlut Cavusoglu accused the German government of backing opposition to Mr Erdogan’s planned constitutional changes. He said: “You are not Turkey’s boss. You are not a first class [country] and Turkey is not second class. We are not treating you like that, and you have to treat Turkey properly. “If you want to maintain your relations with us, you have to learn how to behave.”

Germany’s foreign ministry said the central government had nothing to do with the cancellations, and Ankara should refrain from “pouring oil on the fire”. The growing row is troubling for Chancellor Merkel because she persuaded Turkey to help block the surge of migrants – many of them Syrian refugees – into the EU. Separately, the Dutch government on Friday described plans for a Turkish referendum campaign rally in Rotterdam as “undesirable”. Turkish Foreign Minister Mevlut Cavusoglu was reportedly meant to attend the rally scheduled for 11 March. Ties between Berlin and Istanbul are also strained over Turkey’s arrest of Deniz Yucel, a journalist who works for Die Welt. Mr Yucel “hid in the German embassy as a member of the PKK and a German agent for one month”, Mr Erdogan said. “When we told them to hand him over to be tried, they refused.” German’s foreign ministry called the spy claims “absurd”. Ms Merkel, referring to the case earlier, told reporters in Tunis: “We support freedom of expression and we can criticise Turkey.”

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The EU’s position in the talks will weaken as the union crumbles.

• UK Could Quit EU Without Paying A Penny (G.)

The UK could walk away from the European Union in 2019 without paying a penny, the House of Lords has said, in a report bound to raise tensions with Brussels in the run-up to Brexit talks. The British government would have no legal obligation to either pay a €60bn Brexit bill mooted by the European commission or honour payments into the EU budget promised by the former prime minister David Cameron, according to analysis by the House of Lords EU financial affairs sub-committee. In a report published on Saturday, the committee argues that the British government would be on strong legal ground if it chose to leave the EU without paying anything, adding that Brussels would have no realistic chance of getting any money.

The peers stress, however, that if the government wants goodwill from EU countries and a deal on access to European markets, agreement on the budget will be important. “The UK appears to have a strong legal position in respect of the EU budget post-Brexit and this provides important context to the article 50 negotiations,” said Lady Falkner of Margravine, the Liberal Democrat peer who chairs the sub-committee. “Even though we consider that the UK will not be legally obliged to pay into the EU budget after Brexit, the issue will be a prominent factor in withdrawal negotiations. The government will have to set the financial and political costs of making such payments against potential gains from other elements of the negotiations.”

[..] The peers’ argument will be toxic to the EU’s chief Brexit negotiator, Michel Barnier, whose staff drew up the mooted bill ranging from €55bn-€60bn. This covers the UK’s share of EU civil staff pensions, unpaid bills and decommissioning nuclear power plants. Barnier is expecting the UK to pay into the EU budget in 2019 and 2020, putting the UK on the hook for payments worth £12.4bn, agreed by Cameron in 2013. The EU’s €1tn, seven-year budget was negotiated in late 2013 by EU leaders including the British prime minister. It is due to expire at the end of 2020, although bills may be trickling in until 2023. This reflects that payments for EU-funded infrastructure projects, such as roads or airports, are not settled until two to three years after being promised.

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There is no reason for the ECB not to include Greece. Never was. It’s pure economic strangulation.

• Greece Should Be Added to ECB’s QE Bond-Buying List (BBG)

Greece and its creditors look poised to strike a deal that will allow the nation to draw down aid and avoid defaulting on its debts in July. That sounds good, but it is, in fact, just a fudge. What’s needed instead is for the country to regain access to capital markets in its own right. To help make that happen, the European Central Bank should add Greek bonds to the list of securities eligible for purchase under its quantitative easing program.

The deal Greece is about to agree with its European partners and the IMF is the latest in a long line of compromises that have failed to address the core issue – that Greece’s debts, now 170% of economic output, are so burdensome they are preventing a recovery. The IMF is right to argue that Greece needs additional debt relief on the €174 billion it owes to the European Financial Stability Facility and the European Stability Mechanism. With elections looming this year in the Netherlands, France and Germany, however, details about that relief will probably have to wait until next year; voters don’t want to hear about Greek bailouts right now. But the ECB can act swiftly to include Greek bonds in its asset purchase program.

German Chancellor Angela Merkel has told ECB President Mario Draghi that she’s willing to let inclusion in his QE program be used as an incentive to persuade Greece to agree to the new deal, the Greek news service Kathimerini reported on Wednesday, without identifying the source of its information. Draghi has made a new agreement between Greece and its lenders a condition of adding Greek debt to the 60 billion euros of bonds the central bank will buy from April, as it scales back the monthly program from 80 billion euros. Greek Prime Minister Alexis Tsipras told lawmakers last week that he’s hopeful the latest bailout review can be completed by March 20, when euro-region finance ministers are scheduled to meet in Brussels.

While Greek yields have declined in recent weeks, they remain too high for the country to attempt to tap the markets. Greece’s two-year borrowing cost of about 7%, for example, compares with just 2% for Italy and 1.7% for Spain, both of which have benefited from the support of ECB purchases:

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“..never once laying blame to the U.S. military establishment for spending over $1 billion a year arming Syrian rebels.”

• To Solve Refugee Crisis, Stop Funding Terrorism – Tulsi Gabbard (TAM)

Democratic Congresswoman Tulsi Gabbard, the politician who previously accused the U.S. of arming ISIS, is still calling on the U.S. government to stop its disastrous regime change policies in the Middle East. According to a press release made public on Tuesday, Gabbard has again called for the U.S. to stop aiding terrorists like al-Qaeda and ISIS. Gabbard’s guest at the presidential address to Congress, a Kurdish refugee activist, also called for an end to the U.S. policy of “regime change in Syria.” Gabbard said:

“In the face of unimaginable heartbreak, Tima has been a voice for the voiceless, a champion for refugees worldwide, and a strong advocate for ending the regime change war in Syria. I am honored to welcome her to Washington tonight as we raise our voices to call on our nation’s leaders to end the counterproductive regime change war in Syria that has caused great human suffering, refugees, loss of life, and devastation. We urge leaders in Congress to pass the Stop Arming Terrorists Act and end our destructive policy of using American taxpayer dollars to provide direct and indirect support to armed militants allied with terrorist groups like al-Qaeda and ISIS in Syria, who are fighting to overthrow the Syrian government.”

Gabbard also reportedly told Russian state-owned news station RT: “For years, our government has been providing both direct and indirect support to these armed militant groups, who are working directly with or under the command of terrorist groups like Al-Qaeda and ISIS, all in their effort and fight to overthrow the Syrian government.” The activist, Tima Kurdi, is more widely known as the aunt of a three-year-old boy who drowned on the shores of Turkey in September 2015. The image went viral on social media and was easily manipulated by the mainstream media to further the United States’ agenda in the region, never once laying blame to the U.S. military establishment for spending over $1 billion a year arming Syrian rebels.

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Welcome to Europe. It’s the same as America.

• Austria To Stop Giving Food, Shelter To Rejected Asylum Seekers (ZH)

In a bill aimed at encouraging asylum seekers to leave voluntarily, Austrian lawmakers are considering halting the provision of food and accommodation to migrants who are denied asylum and refuse to leave the country. Austria took in roughly 90,000 asylum seekers in 2015, more than 1 percent of its population, as it was swept up in Europe’s migration crisis when hundreds of thousands of people crossed its borders, most on their way to Germany. As Reuters notes, it has since tightened immigration restrictions and helped shut down the route through the Balkans by which almost all those people – many of them fleeing war and poverty in the Middle East and elsewhere – arrived. Asylum applications fell by more than half last year.

Asylum seekers in Austria get so-called basic services, including free accommodation, food, access to medical treatment and €40 pocket money a month. But now, Austria’s centrist coalition government on Tuesday agreed on a draft law which would allow authorities to stop providing accommodation and food to rejected asylum seekers who refuse to leave the country. “The first thing is basically that they don’t get anything from the Austrian state if they don’t have the right to stay here. Is that so hard to understand?” As Politico reports, Interior Minister Wolfgang Sobotka said the law, which will need approval by parliament, was designed to encourage rejected asylum seekers to leave voluntarily.

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This is getting too absurd.

• US Considers Separating Women And Children Who Enter Country Illegally (G.)

Women and children crossing together illegally into the United States could be separated by US authorities under a proposal being considered by the Department of Homeland Security, according to three government officials. Part of the reason for the proposal is to deter mothers from migrating to the United States with their children, said the officials, who have been briefed on the proposal. The policy shift would allow the government to keep parents in custody while they contest deportation or wait for asylum hearings. Children would be put into protective custody with the Department of Health and Human Services, in the “least restrictive setting” until they can be taken into the care of a US relative or state-sponsored guardian.

Currently, families contesting deportation or applying for asylum are generally released from detention quickly and allowed to remain in the United States until their cases are resolved. A federal appeals court ruling bars prolonged child detention. Donald Trump has called for ending so-called “catch and release”, in which people who cross illegally are freed to live in the United States while awaiting legal proceedings. Two of the officials were briefed on the proposal at a 2 February town hall for asylum officers by US Citizenship and Immigration Services asylum chief John Lafferty. A third DHS official said the department was actively considering separating women from their children but has not made a decision. About 54,000 children and their guardians were apprehended between 1 October 2016, and 31 January 2017, more than double the number caught over the same time period a year earlier.

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The sadness is deafening.

• Parents Fearing Deportation Pick Guardians For US Children (R.)

Parents who immigrated illegally to the United States and now fear deportation under the Trump administration are inundating immigration advocates with requests for help in securing care for their children in the event they are expelled from the country. The Coalition for Humane Immigrant Rights of Los Angeles (CHIRLA) advocacy group has been receiving about 10 requests a day from parents who want to put in place temporary guardianships for their children, said spokesman Jorge-Mario Cabrera. Last year, the group said it received about two requests a month for guardianship letters and notarization services. At the request of a nonprofit organization, the National Lawyers Guild in Washington D.C. put out a call this week for volunteer attorneys to help immigrants fill out forms granting friends or relatives the right to make legal and financial decisions in their absence.

In New Jersey, immigration attorney Helen Ramirez said she is getting about six phone calls a day from parents. Last year, she said, she had no such calls. “Their biggest fear is that their kids will end up in foster care,” Ramirez said. President Donald Trump’s administration has issued directives to agents to more aggressively enforce immigration laws and more immigrants are coming under scrutiny by the authorities. For parents of U.S. citizens who are ordered removed, the U.S. Immigration and Customs Enforcement (ICE) agency “accommodates, to the extent practicable, the parents’ efforts to make provisions” for their children, said ICE spokeswoman Sarah Rodriguez. She said that might include access to a lawyer, consular officials and relatives for detained parents to execute powers of attorney or apply for passports and buy airline tickets if the parents decide whether or not to take the children with them.

Randy Capps of the Migration Policy Institute (MPI), a Washington-based non-profit that analyzes the movement of people worldwide, said that while putting contingency plans in place is a good idea, he does not think the level of fear is justified. During the previous administration of President Barack Obama, a Democrat, the likelihood of both parents being deported was slim, Capps said. He doubts there will be a huge shift under Republican Trump toward deporting both parents. “The odds are still very low but not as low as they were – and this is just the beginning of the administration,” he said.

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